This property looks like a bad Airbnb investment with a projected -15.44% first-year return on $104k initial cash invested.
-15.44%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$3,063
Rent
-$1,339
Cashflow
Cash Flow
$3,063 income − $4,402 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,063
Total Expenses
$4,402
Mortgage P&I
72%
$2,215
Property Taxes
19%
$572
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766