This property looks like a bad Airbnb investment with a projected -20.85% first-year return on $106k initial cash invested.
-20.85%
Cash On Cash
1.22%
Cap Rate
0.19
DSCR
$1,980
Rent
-$1,842
Cashflow
Cash Flow
$1,980 income − $3,822 expenses = $1,842 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,820
Closing costs
1%
$4,191
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,980
Total Expenses
$3,822
Mortgage P&I
111%
$2,188
Property Taxes
27%
$534
Home Insurance
8%
$150
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$495