This property looks like a bad Airbnb investment with a projected -17.51% first-year return on $105k initial cash invested.
-17.51%
Cash On Cash
2.5%
Cap Rate
0.37
DSCR
$2,299
Rent
-$1,533
Cashflow
Cash Flow
$2,299 income − $3,832 expenses = $1,533 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%
$82,920
Closing costs
1%
$4,146
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,299
Total Expenses
$3,832
Mortgage P&I
100%
$2,305
Property Taxes
12%
$283
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$575