This property looks like a bad Airbnb investment with a projected -15.86% first-year return on $109k initial cash invested.
-15.86%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$2,361
Rent
-$1,443
Cashflow
Cash Flow
$2,361 income − $3,804 expenses = $1,443 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,820
Closing costs
1%
$4,341
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,361
Total Expenses
$3,804
Mortgage P&I
95%
$2,237
Property Taxes
12%
$286
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590