This property looks like a bad Airbnb investment with a projected -15.97% first-year return on $106k initial cash invested.
-15.97%
Cash On Cash
2.5%
Cap Rate
0.4
DSCR
$3,156
Rent
-$1,415
Cashflow
Cash Flow
$3,156 income − $4,571 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,140
Closing costs
1%
$4,207
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,156
Total Expenses
$4,571
Mortgage P&I
69%
$2,165
Property Taxes
24%
$743
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$789