This property looks like a bad Airbnb investment with a projected -14.55% first-year return on $109k initial cash invested.
-14.55%
Cash On Cash
2.78%
Cap Rate
0.45
DSCR
$2,657
Rent
-$1,320
Cashflow
Cash Flow
$2,657 income − $3,977 expenses = $1,320 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,540
Closing costs
1%
$4,327
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,657
Total Expenses
$3,977
Mortgage P&I
83%
$2,218
Property Taxes
12%
$327
Home Insurance
6%
$157
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664