This property looks like a bad Airbnb investment with a projected -13.41% first-year return on $106k initial cash invested.
-13.41%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$3,102
Rent
-$1,187
Cashflow
Cash Flow
$3,102 income − $4,289 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,102
Total Expenses
$4,289
Mortgage P&I
71%
$2,216
Property Taxes
12%
$383
Home Insurance
6%
$201
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$776