This property looks like a bad Airbnb investment with a projected -22.45% first-year return on $105k initial cash invested.
-22.45%
Cash On Cash
1.13%
Cap Rate
0.17
DSCR
$1,495
Rent
-$1,968
Cashflow
Cash Flow
$1,495 income − $3,463 expenses = $1,968 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,020
Closing costs
1%
$4,151
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,495
Total Expenses
$3,463
Mortgage P&I
154%
$2,300
Property Taxes
20%
$298
Home Insurance
10%
$147
HOA
0%
$0
Property Management
15%
$224
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$374