This property looks like a bad Airbnb investment with a projected -14.22% first-year return on $108k initial cash invested.
-14.22%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$2,525
Rent
-$1,279
Cashflow
Cash Flow
$2,525 income − $3,804 expenses = $1,279 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,680
Closing costs
1%
$4,284
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,525
Total Expenses
$3,804
Mortgage P&I
88%
$2,217
Property Taxes
9%
$220
Home Insurance
6%
$155
HOA
0%
$0
Property Management
15%
$379
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$631