This property looks like a bad Airbnb investment with a projected -10.59% first-year return on $106k initial cash invested.
-10.59%
Cash On Cash
3.86%
Cap Rate
0.63
DSCR
$3,475
Rent
-$937
Cashflow
Cash Flow
$3,475 income − $4,412 expenses = $937 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%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,475
Total Expenses
$4,412
Mortgage P&I
62%
$2,149
Property Taxes
13%
$448
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$521
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$869