This property looks like a bad Airbnb investment with a projected -21.72% first-year return on $107k initial cash invested.
-21.72%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$2,056
Rent
-$1,936
Cashflow
Cash Flow
$2,056 income − $3,992 expenses = $1,936 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,720
Closing costs
1%
$4,236
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,056
Total Expenses
$3,992
Mortgage P&I
114%
$2,335
Property Taxes
19%
$397
Home Insurance
7%
$149
HOA
6%
$125
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514