This property looks like a bad Airbnb investment with a projected -16.84% first-year return on $104k initial cash invested.
-16.84%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,662
Rent
-$1,461
Cashflow
Cash Flow
$2,662 income − $4,123 expenses = $1,461 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$4,123
Mortgage P&I
84%
$2,224
Property Taxes
18%
$478
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$666