This property looks like a bad Airbnb investment with a projected -25.33% first-year return on $107k initial cash invested.
-25.33%
Cash On Cash
-0.27%
Cap Rate
-0.04
DSCR
$286
Rent
-$2,253
Cashflow
Cash Flow
$286 income − $2,539 expenses = $2,253 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,520
Closing costs
1%
$4,226
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$286
Total Expenses
$2,539
Mortgage P&I
751%
$2,148
Property Taxes
46%
$132
Home Insurance
43%
$122
HOA
0%
$0
Property Management
15%
$43
CapEx
4%
$11
Vacancy
0%
$0
Maintenance
4%
$11
Other
25%
$72