This property looks like a bad Airbnb investment with a projected -12.32% first-year return on $106k initial cash invested.
-12.32%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$2,830
Rent
-$1,090
Cashflow
Cash Flow
$2,830 income − $3,920 expenses = $1,090 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,920
Mortgage P&I
76%
$2,143
Property Taxes
10%
$272
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708