This property looks like a bad Airbnb investment with a projected -22.62% first-year return on $105k initial cash invested.
-22.62%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$1,857
Rent
-$1,973
Cashflow
Cash Flow
$1,857 income − $3,830 expenses = $1,973 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,540
Closing costs
1%
$4,127
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,857
Total Expenses
$3,830
Mortgage P&I
124%
$2,308
Property Taxes
26%
$481
Home Insurance
8%
$150
HOA
0%
$0
Property Management
15%
$279
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$464