This property looks like a bad Airbnb investment with a projected -12.9% first-year return on $107k initial cash invested.
-12.9%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$2,889
Rent
-$1,152
Cashflow
Cash Flow
$2,889 income − $4,041 expenses = $1,152 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,889
Total Expenses
$4,041
Mortgage P&I
74%
$2,152
Property Taxes
12%
$353
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722