This property looks like a bad Airbnb investment with a projected -21.41% first-year return on $108k initial cash invested.
-21.41%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$1,978
Rent
-$1,930
Cashflow
Cash Flow
$1,978 income − $3,908 expenses = $1,930 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,900
Closing costs
1%
$4,295
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,978
Total Expenses
$3,908
Mortgage P&I
120%
$2,368
Property Taxes
23%
$453
Home Insurance
7%
$138
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494