This property looks like a bad Airbnb investment with a projected -15.47% first-year return on $108k initial cash invested.
-15.47%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$2,440
Rent
-$1,389
Cashflow
Cash Flow
$2,440 income − $3,829 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,440
Total Expenses
$3,829
Mortgage P&I
93%
$2,275
Property Taxes
9%
$224
Home Insurance
6%
$150
HOA
0%
$8
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610