This property looks like a bad Airbnb investment with a projected -15.92% first-year return on $108k initial cash invested.
-15.92%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$2,622
Rent
-$1,437
Cashflow
Cash Flow
$2,622 income − $4,059 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,020
Closing costs
1%
$4,301
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$4,059
Mortgage P&I
85%
$2,217
Property Taxes
16%
$409
Home Insurance
6%
$149
HOA
1%
$25
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$656