This property looks like a bad Airbnb investment with a projected -12.14% first-year return on $109k initial cash invested.
-12.14%
Cash On Cash
3.47%
Cap Rate
0.56
DSCR
$3,251
Rent
-$1,099
Cashflow
Cash Flow
$3,251 income − $4,350 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,340
Closing costs
1%
$4,317
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,251
Total Expenses
$4,350
Mortgage P&I
68%
$2,218
Property Taxes
10%
$314
Home Insurance
5%
$157
HOA
3%
$100
Property Management
15%
$488
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$813