This property looks like a bad Airbnb investment with a projected -27.53% first-year return on $108k initial cash invested.
-27.53%
Cash On Cash
-0.63%
Cap Rate
-0.1
DSCR
$952
Rent
-$2,472
Cashflow
Cash Flow
$952 income − $3,424 expenses = $2,472 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,480
Closing costs
1%
$4,274
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$952
Total Expenses
$3,424
Mortgage P&I
232%
$2,209
Property Taxes
42%
$399
Home Insurance
16%
$152
HOA
22%
$207
Property Management
15%
$143
CapEx
4%
$38
Vacancy
0%
$0
Maintenance
4%
$38
Other
25%
$238