This property looks like a bad Airbnb investment with a projected -17.9% first-year return on $105k initial cash invested.
-17.9%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$1,993
Rent
-$1,564
Cashflow
Cash Flow
$1,993 income − $3,557 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,720
Closing costs
1%
$4,136
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,993
Total Expenses
$3,557
Mortgage P&I
115%
$2,285
Property Taxes
6%
$115
Home Insurance
8%
$150
HOA
3%
$50
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498