This property looks like a bad Airbnb investment with a projected -22.67% first-year return on $107k initial cash invested.
-22.67%
Cash On Cash
0.59%
Cap Rate
0.1
DSCR
$1,396
Rent
-$2,030
Cashflow
Cash Flow
$1,396 income − $3,426 expenses = $2,030 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,200
Closing costs
1%
$4,260
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,396
Total Expenses
$3,426
Mortgage P&I
156%
$2,184
Property Taxes
30%
$418
Home Insurance
11%
$154
HOA
0%
$0
Property Management
15%
$209
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$349