This property looks like a bad Airbnb investment with a projected -17.82% first-year return on $104k initial cash invested.
-17.82%
Cash On Cash
1.87%
Cap Rate
0.3
DSCR
$2,013
Rent
-$1,541
Cashflow
Cash Flow
$2,013 income − $3,554 expenses = $1,541 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,013
Total Expenses
$3,554
Mortgage P&I
104%
$2,098
Property Taxes
17%
$345
Home Insurance
7%
$144
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$503