This property looks like a bad Airbnb investment with a projected -16.89% first-year return on $104k initial cash invested.
-16.89%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,317
Rent
-$1,465
Cashflow
Cash Flow
$2,317 income − $3,782 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,317
Total Expenses
$3,782
Mortgage P&I
98%
$2,272
Property Taxes
11%
$253
Home Insurance
6%
$144
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$579