This property looks like a bad Airbnb investment with a projected -19.47% first-year return on $106k initial cash invested.
-19.47%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$2,127
Rent
-$1,716
Cashflow
Cash Flow
$2,127 income − $3,843 expenses = $1,716 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,560
Closing costs
1%
$4,178
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,127
Total Expenses
$3,843
Mortgage P&I
106%
$2,257
Property Taxes
20%
$415
Home Insurance
7%
$150
HOA
0%
$0
Property Management
15%
$319
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$532