This property looks like a bad Airbnb investment with a projected -18.52% first-year return on $106k initial cash invested.
-18.52%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$1,819
Rent
-$1,643
Cashflow
Cash Flow
$1,819 income − $3,462 expenses = $1,643 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,220
Closing costs
1%
$4,211
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,819
Total Expenses
$3,462
Mortgage P&I
122%
$2,224
Property Taxes
12%
$217
Home Insurance
8%
$147
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455