This property looks like a bad Airbnb investment with a projected -13.89% first-year return on $104k initial cash invested.
-13.89%
Cash On Cash
3.46%
Cap Rate
0.52
DSCR
$2,967
Rent
-$1,204
Cashflow
Cash Flow
$2,967 income − $4,171 expenses = $1,204 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,920
Closing costs
1%
$4,096
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$4,171
Mortgage P&I
76%
$2,266
Property Taxes
11%
$331
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742