This property looks like a bad Airbnb investment with a projected -11.02% first-year return on $105k initial cash invested.
-11.02%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$3,642
Rent
-$966
Cashflow
Cash Flow
$3,642 income − $4,608 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,060
Closing costs
1%
$4,153
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$4,608
Mortgage P&I
61%
$2,213
Property Taxes
12%
$455
Home Insurance
4%
$147
HOA
1%
$45
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910