This property looks like a bad Airbnb investment with a projected -17.01% first-year return on $106k initial cash invested.
-17.01%
Cash On Cash
2.62%
Cap Rate
0.39
DSCR
$2,334
Rent
-$1,504
Cashflow
Cash Flow
$2,334 income − $3,838 expenses = $1,504 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$3,838
Mortgage P&I
100%
$2,328
Property Taxes
10%
$240
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584