This property looks like a bad Airbnb investment with a projected -7.07% first-year return on $106k initial cash invested.
-7.07%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$3,567
Rent
-$625
Cashflow
Cash Flow
$3,567 income − $4,192 expenses = $625 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%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,567
Total Expenses
$4,192
Mortgage P&I
60%
$2,145
Property Taxes
5%
$187
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$535
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$892