This property looks like a bad Airbnb investment with a projected -15.09% first-year return on $107k initial cash invested.
-15.09%
Cash On Cash
2.46%
Cap Rate
0.41
DSCR
$2,182
Rent
-$1,341
Cashflow
Cash Flow
$2,182 income − $3,523 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,400
Closing costs
1%
$4,220
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,182
Total Expenses
$3,523
Mortgage P&I
97%
$2,120
Property Taxes
10%
$208
Home Insurance
7%
$148
HOA
0%
$0
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$546