This property looks like a bad Airbnb investment with a projected -21.51% first-year return on $107k initial cash invested.
-21.51%
Cash On Cash
1.39%
Cap Rate
0.21
DSCR
$1,810
Rent
-$1,918
Cashflow
Cash Flow
$1,810 income − $3,728 expenses = $1,918 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%
$84,760
Closing costs
1%
$4,238
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,810
Total Expenses
$3,728
Mortgage P&I
129%
$2,336
Property Taxes
21%
$375
Home Insurance
8%
$149
HOA
0%
$0
Property Management
15%
$272
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$452