This property looks like a bad Airbnb investment with a projected -14.89% first-year return on $108k initial cash invested.
-14.89%
Cash On Cash
2.81%
Cap Rate
0.45
DSCR
$2,648
Rent
-$1,338
Cashflow
Cash Flow
$2,648 income − $3,986 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,520
Closing costs
1%
$4,276
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,648
Total Expenses
$3,986
Mortgage P&I
84%
$2,233
Property Taxes
12%
$328
Home Insurance
6%
$154
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662