This property looks like a bad Airbnb investment with a projected -15.83% first-year return on $107k initial cash invested.
-15.83%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,617
Rent
-$1,412
Cashflow
Cash Flow
$2,617 income − $4,029 expenses = $1,412 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,617
Total Expenses
$4,029
Mortgage P&I
89%
$2,340
Property Taxes
11%
$283
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654