This property looks like a bad Airbnb investment with a projected -12.48% first-year return on $108k initial cash invested.
-12.48%
Cash On Cash
3.39%
Cap Rate
0.54
DSCR
$2,716
Rent
-$1,119
Cashflow
Cash Flow
$2,716 income − $3,835 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,340
Closing costs
1%
$4,267
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,716
Total Expenses
$3,835
Mortgage P&I
82%
$2,214
Property Taxes
6%
$164
Home Insurance
6%
$153
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$679