This property looks like a bad Airbnb investment with a projected -15.44% first-year return on $105k initial cash invested.
-15.44%
Cash On Cash
3.17%
Cap Rate
0.47
DSCR
$2,693
Rent
-$1,356
Cashflow
Cash Flow
$2,693 income − $4,049 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,693
Total Expenses
$4,049
Mortgage P&I
87%
$2,349
Property Taxes
9%
$244
Home Insurance
5%
$146
HOA
1%
$17
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$673