This property looks like a bad Airbnb investment with a projected -10.84% first-year return on $108k initial cash invested.
-10.84%
Cash On Cash
3.83%
Cap Rate
0.61
DSCR
$2,897
Rent
-$974
Cashflow
Cash Flow
$2,897 income − $3,871 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,520
Closing costs
1%
$4,276
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,897
Total Expenses
$3,871
Mortgage P&I
77%
$2,223
Property Taxes
4%
$103
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724