This property looks like a bad Airbnb investment with a projected -8.45% first-year return on $107k initial cash invested.
-8.45%
Cash On Cash
4.56%
Cap Rate
0.73
DSCR
$3,806
Rent
-$752
Cashflow
Cash Flow
$3,806 income − $4,558 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,540
Closing costs
1%
$4,227
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,806
Total Expenses
$4,558
Mortgage P&I
58%
$2,206
Property Taxes
10%
$376
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$571
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$952