This property looks like a bad Airbnb investment with a projected -16.37% first-year return on $106k initial cash invested.
-16.37%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$2,002
Rent
-$1,449
Cashflow
Cash Flow
$2,002 income − $3,451 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,002
Total Expenses
$3,451
Mortgage P&I
109%
$2,182
Property Taxes
8%
$162
Home Insurance
7%
$147
HOA
0%
$0
Property Management
15%
$300
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$500