This property looks like a bad Airbnb investment with a projected -14.29% first-year return on $107k initial cash invested.
-14.29%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$3,180
Rent
-$1,272
Cashflow
Cash Flow
$3,180 income − $4,452 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,180
Total Expenses
$4,452
Mortgage P&I
72%
$2,300
Property Taxes
15%
$479
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$795