This property looks like a bad Airbnb investment with a projected -14.74% first-year return on $108k initial cash invested.
-14.74%
Cash On Cash
2.83%
Cap Rate
0.45
DSCR
$2,830
Rent
-$1,324
Cashflow
Cash Flow
$2,830 income − $4,154 expenses = $1,324 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
$2,830
Total Expenses
$4,154
Mortgage P&I
78%
$2,220
Property Taxes
12%
$336
Home Insurance
5%
$152
HOA
3%
$88
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708