This property looks like a bad Airbnb investment with a projected -19.93% first-year return on $104k initial cash invested.
-19.93%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$2,268
Rent
-$1,730
Cashflow
Cash Flow
$2,268 income − $3,998 expenses = $1,730 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,040
Closing costs
1%
$4,102
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,268
Total Expenses
$3,998
Mortgage P&I
96%
$2,172
Property Taxes
15%
$337
Home Insurance
6%
$145
HOA
11%
$255
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$567