This property looks like a bad Airbnb investment with a projected -14.7% first-year return on $107k initial cash invested.
-14.7%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$3,436
Rent
-$1,310
Cashflow
Cash Flow
$3,436 income − $4,746 expenses = $1,310 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$4,746
Mortgage P&I
68%
$2,334
Property Taxes
18%
$612
Home Insurance
4%
$152
HOA
0%
$0
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$859