This property looks like a bad Airbnb investment with a projected -16.12% first-year return on $106k initial cash invested.
-16.12%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$2,444
Rent
-$1,427
Cashflow
Cash Flow
$2,444 income − $3,871 expenses = $1,427 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
$2,444
Total Expenses
$3,871
Mortgage P&I
88%
$2,142
Property Taxes
15%
$371
Home Insurance
6%
$147
HOA
2%
$37
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$611