This property looks like a bad Airbnb investment with a projected -15.74% first-year return on $106k initial cash invested.
-15.74%
Cash On Cash
2.44%
Cap Rate
0.4
DSCR
$2,604
Rent
-$1,393
Cashflow
Cash Flow
$2,604 income − $3,997 expenses = $1,393 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
$2,604
Total Expenses
$3,997
Mortgage P&I
82%
$2,144
Property Taxes
15%
$390
Home Insurance
8%
$196
HOA
1%
$17
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651