This property looks like a bad Airbnb investment with a projected -6.26% first-year return on $107k initial cash invested.
-6.26%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$4,313
Rent
-$557
Cashflow
Cash Flow
$4,313 income − $4,870 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,600
Closing costs
1%
$4,230
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,313
Total Expenses
$4,870
Mortgage P&I
52%
$2,251
Property Taxes
9%
$398
Home Insurance
3%
$150
HOA
0%
$0
Property Management
15%
$647
CapEx
4%
$173
Vacancy
0%
$0
Maintenance
4%
$173
Other
25%
$1,078