This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $104k initial cash invested.
-12.73%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$2,482
Rent
-$1,108
Cashflow
Cash Flow
$2,482 income − $3,590 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,360
Closing costs
1%
$4,118
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,482
Total Expenses
$3,590
Mortgage P&I
86%
$2,133
Property Taxes
5%
$118
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620