This property looks like a bad Airbnb investment with a projected -12.74% first-year return on $106k initial cash invested.
-12.74%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$3,229
Rent
-$1,129
Cashflow
Cash Flow
$3,229 income − $4,358 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,100
Closing costs
1%
$4,205
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,229
Total Expenses
$4,358
Mortgage P&I
70%
$2,259
Property Taxes
13%
$410
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$807