This property looks like a bad Airbnb investment with a projected -18.75% first-year return on $104k initial cash invested.
-18.75%
Cash On Cash
1.83%
Cap Rate
0.29
DSCR
$1,777
Rent
-$1,618
Cashflow
Cash Flow
$1,777 income − $3,395 expenses = $1,618 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,777
Total Expenses
$3,395
Mortgage P&I
122%
$2,167
Property Taxes
12%
$209
Home Insurance
9%
$166
HOA
0%
$0
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$444