This property looks like a bad Airbnb investment with a projected -17.31% first-year return on $107k initial cash invested.
-17.31%
Cash On Cash
2.56%
Cap Rate
0.38
DSCR
$2,336
Rent
-$1,544
Cashflow
Cash Flow
$2,336 income − $3,880 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,780
Closing costs
1%
$4,239
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$3,880
Mortgage P&I
101%
$2,356
Property Taxes
11%
$252
Home Insurance
7%
$152
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584