This property looks like a bad Airbnb investment with a projected -16.57% first-year return on $109k initial cash invested.
-16.57%
Cash On Cash
2.3%
Cap Rate
0.37
DSCR
$2,171
Rent
-$1,508
Cashflow
Cash Flow
$2,171 income − $3,679 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,840
Closing costs
1%
$4,342
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,171
Total Expenses
$3,679
Mortgage P&I
104%
$2,255
Property Taxes
10%
$226
Home Insurance
7%
$155
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$543