This property looks like a bad Airbnb investment with a projected -16.8% first-year return on $108k initial cash invested.
-16.8%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$2,557
Rent
-$1,513
Cashflow
Cash Flow
$2,557 income − $4,070 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,557
Total Expenses
$4,070
Mortgage P&I
85%
$2,169
Property Taxes
20%
$524
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$639