This property looks like a bad Airbnb investment with a projected -20.7% first-year return on $105k initial cash invested.
-20.7%
Cash On Cash
1.78%
Cap Rate
0.26
DSCR
$2,544
Rent
-$1,814
Cashflow
Cash Flow
$2,544 income − $4,358 expenses = $1,814 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,544
Total Expenses
$4,358
Mortgage P&I
91%
$2,326
Property Taxes
26%
$665
Home Insurance
6%
$145
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$636