This property looks like a bad Airbnb investment with a projected -19.87% first-year return on $109k initial cash invested.
-19.87%
Cash On Cash
1.19%
Cap Rate
0.2
DSCR
$1,331
Rent
-$1,811
Cashflow
Cash Flow
$1,331 income − $3,142 expenses = $1,811 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,020
Closing costs
1%
$4,351
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,331
Total Expenses
$3,142
Mortgage P&I
165%
$2,190
Property Taxes
12%
$157
Home Insurance
12%
$156
HOA
0%
$0
Property Management
15%
$200
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$333