This property looks like a bad Airbnb investment with a projected -10.79% first-year return on $105k initial cash invested.
-10.79%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$3,024
Rent
-$948
Cashflow
Cash Flow
$3,024 income − $3,972 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,300
Closing costs
1%
$4,165
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,024
Total Expenses
$3,972
Mortgage P&I
70%
$2,117
Property Taxes
8%
$253
Home Insurance
5%
$150
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$756