This property looks like a bad Airbnb investment with a projected -21.73% first-year return on $106k initial cash invested.
-21.73%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$2,281
Rent
-$1,924
Cashflow
Cash Flow
$2,281 income − $4,205 expenses = $1,924 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,060
Closing costs
1%
$4,203
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,281
Total Expenses
$4,205
Mortgage P&I
101%
$2,304
Property Taxes
29%
$658
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570