This property looks like a bad Airbnb investment with a projected -18.49% first-year return on $107k initial cash invested.
-18.49%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,144
Rent
-$1,649
Cashflow
Cash Flow
$2,144 income − $3,793 expenses = $1,649 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%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,144
Total Expenses
$3,793
Mortgage P&I
108%
$2,322
Property Taxes
13%
$283
Home Insurance
7%
$158
HOA
0%
$0
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$536