This property looks like a bad Airbnb investment with a projected -13.16% first-year return on $107k initial cash invested.
-13.16%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$3,002
Rent
-$1,171
Cashflow
Cash Flow
$3,002 income − $4,173 expenses = $1,171 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$4,173
Mortgage P&I
73%
$2,185
Property Taxes
12%
$364
Home Insurance
5%
$152
HOA
1%
$32
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750