This property looks like a bad Airbnb investment with a projected -17.64% first-year return on $104k initial cash invested.
-17.64%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$1,882
Rent
-$1,532
Cashflow
Cash Flow
$1,882 income − $3,414 expenses = $1,532 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,100
Closing costs
1%
$4,105
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,882
Total Expenses
$3,414
Mortgage P&I
112%
$2,115
Property Taxes
13%
$250
Home Insurance
8%
$147
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470