This property looks like a bad Airbnb investment with a projected -16.52% first-year return on $104k initial cash invested.
-16.52%
Cash On Cash
2.27%
Cap Rate
0.36
DSCR
$1,922
Rent
-$1,433
Cashflow
Cash Flow
$1,922 income − $3,355 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,922
Total Expenses
$3,355
Mortgage P&I
111%
$2,130
Property Taxes
8%
$159
Home Insurance
7%
$144
HOA
0%
$0
Property Management
15%
$288
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$480