This property looks like a bad Airbnb investment with a projected -20.85% first-year return on $109k initial cash invested.
-20.85%
Cash On Cash
1.01%
Cap Rate
0.17
DSCR
$1,354
Rent
-$1,897
Cashflow
Cash Flow
$1,354 income − $3,251 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,354
Total Expenses
$3,251
Mortgage P&I
163%
$2,208
Property Taxes
18%
$240
Home Insurance
11%
$154
HOA
0%
$0
Property Management
15%
$203
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$338