This property looks like a bad Airbnb investment with a projected -15.92% first-year return on $107k initial cash invested.
-15.92%
Cash On Cash
3.11%
Cap Rate
0.46
DSCR
$3,136
Rent
-$1,419
Cashflow
Cash Flow
$3,136 income − $4,555 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,136
Total Expenses
$4,555
Mortgage P&I
76%
$2,390
Property Taxes
16%
$504
Home Insurance
4%
$139
HOA
1%
$18
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784