This property looks like a bad Airbnb investment with a projected -9.38% first-year return on $106k initial cash invested.
-9.38%
Cash On Cash
4.74%
Cap Rate
0.71
DSCR
$3,899
Rent
-$829
Cashflow
Cash Flow
$3,899 income − $4,728 expenses = $829 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
$3,899
Total Expenses
$4,728
Mortgage P&I
60%
$2,329
Property Taxes
10%
$380
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$975