This property looks like a bad Airbnb investment with a projected -13.02% first-year return on $104k initial cash invested.
-13.02%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$2,971
Rent
-$1,131
Cashflow
Cash Flow
$2,971 income − $4,102 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,140
Closing costs
1%
$4,107
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,971
Total Expenses
$4,102
Mortgage P&I
75%
$2,241
Property Taxes
10%
$285
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$743