This property looks like a bad Airbnb investment with a projected -12.7% first-year return on $108k initial cash invested.
-12.7%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$2,933
Rent
-$1,142
Cashflow
Cash Flow
$2,933 income − $4,075 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,933
Total Expenses
$4,075
Mortgage P&I
81%
$2,373
Property Taxes
5%
$143
Home Insurance
5%
$152
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$733