This property looks like a bad Airbnb investment with a projected -11.43% first-year return on $105k initial cash invested.
-11.43%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$3,087
Rent
-$996
Cashflow
Cash Flow
$3,087 income − $4,083 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,087
Total Expenses
$4,083
Mortgage P&I
74%
$2,276
Property Taxes
6%
$177
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$463
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$772