This property looks like a bad Airbnb investment with a projected -11.13% first-year return on $108k initial cash invested.
-11.13%
Cash On Cash
3.64%
Cap Rate
0.6
DSCR
$3,113
Rent
-$999
Cashflow
Cash Flow
$3,113 income − $4,112 expenses = $999 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,400
Closing costs
1%
$4,270
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,113
Total Expenses
$4,112
Mortgage P&I
70%
$2,168
Property Taxes
9%
$290
Home Insurance
5%
$159
HOA
0%
$0
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$778