This property looks like a bad Airbnb investment with a projected -15.03% first-year return on $107k initial cash invested.
-15.03%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$3,548
Rent
-$1,341
Cashflow
Cash Flow
$3,548 income − $4,889 expenses = $1,341 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
$3,548
Total Expenses
$4,889
Mortgage P&I
66%
$2,350
Property Taxes
18%
$647
Home Insurance
5%
$189
HOA
0%
$0
Property Management
15%
$532
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$887