This property looks like a bad Airbnb investment with a projected -15.79% first-year return on $107k initial cash invested.
-15.79%
Cash On Cash
2.49%
Cap Rate
0.4
DSCR
$2,423
Rent
-$1,403
Cashflow
Cash Flow
$2,423 income − $3,826 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,420
Closing costs
1%
$4,221
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,423
Total Expenses
$3,826
Mortgage P&I
90%
$2,181
Property Taxes
14%
$332
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$606