This property looks like a bad Airbnb investment with a projected -13.55% first-year return on $106k initial cash invested.
-13.55%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$2,989
Rent
-$1,199
Cashflow
Cash Flow
$2,989 income − $4,188 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,989
Total Expenses
$4,188
Mortgage P&I
72%
$2,137
Property Taxes
16%
$469
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$747