This property looks like a bad Airbnb investment with a projected -9.48% first-year return on $107k initial cash invested.
-9.48%
Cash On Cash
4.11%
Cap Rate
0.67
DSCR
$3,530
Rent
-$845
Cashflow
Cash Flow
$3,530 income − $4,375 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,720
Closing costs
1%
$4,236
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$4,375
Mortgage P&I
61%
$2,156
Property Taxes
11%
$376
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$530
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$882