This property looks like a bad Airbnb investment with a projected -20.12% first-year return on $106k initial cash invested.
-20.12%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,275
Rent
-$1,781
Cashflow
Cash Flow
$2,275 income − $4,056 expenses = $1,781 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,040
Closing costs
1%
$4,202
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,275
Total Expenses
$4,056
Mortgage P&I
103%
$2,338
Property Taxes
20%
$460
Home Insurance
7%
$166
HOA
0%
$0
Property Management
15%
$341
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$569