This property looks like a bad Airbnb investment with a projected -19.28% first-year return on $105k initial cash invested.
-19.28%
Cash On Cash
2.1%
Cap Rate
0.31
DSCR
$2,545
Rent
-$1,683
Cashflow
Cash Flow
$2,545 income − $4,228 expenses = $1,683 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,640
Closing costs
1%
$4,132
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,545
Total Expenses
$4,228
Mortgage P&I
90%
$2,303
Property Taxes
22%
$558
Home Insurance
6%
$145
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$636