This property looks like a bad Airbnb investment with a projected -17.51% first-year return on $108k initial cash invested.
-17.51%
Cash On Cash
2.54%
Cap Rate
0.38
DSCR
$2,362
Rent
-$1,577
Cashflow
Cash Flow
$2,362 income − $3,939 expenses = $1,577 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,362
Total Expenses
$3,939
Mortgage P&I
101%
$2,392
Property Taxes
11%
$265
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590