This property looks like a bad Airbnb investment with a projected -10.78% first-year return on $109k initial cash invested.
-10.78%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$2,810
Rent
-$980
Cashflow
Cash Flow
$2,810 income − $3,790 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,780
Closing costs
1%
$4,339
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$3,790
Mortgage P&I
79%
$2,213
Property Taxes
3%
$71
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702