This property looks like a bad Airbnb investment with a projected -5.17% first-year return on $106k initial cash invested.
-5.17%
Cash On Cash
5.25%
Cap Rate
0.86
DSCR
$3,664
Rent
-$458
Cashflow
Cash Flow
$3,664 income − $4,122 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,664
Total Expenses
$4,122
Mortgage P&I
59%
$2,154
Property Taxes
2%
$59
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$550
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$916