This property looks like a bad Airbnb investment with a projected -16.2% first-year return on $106k initial cash invested.
-16.2%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$2,624
Rent
-$1,436
Cashflow
Cash Flow
$2,624 income − $4,060 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,140
Closing costs
1%
$4,207
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,624
Total Expenses
$4,060
Mortgage P&I
88%
$2,296
Property Taxes
12%
$310
Home Insurance
5%
$144
HOA
2%
$50
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$656