This property looks like a bad Airbnb investment with a projected -11.89% first-year return on $106k initial cash invested.
-11.89%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$3,450
Rent
-$1,054
Cashflow
Cash Flow
$3,450 income − $4,504 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,200
Closing costs
1%
$4,210
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,450
Total Expenses
$4,504
Mortgage P&I
67%
$2,322
Property Taxes
11%
$376
Home Insurance
4%
$150
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$862