This property looks like a bad Airbnb investment with a projected -18.84% first-year return on $108k initial cash invested.
-18.84%
Cash On Cash
1.7%
Cap Rate
0.27
DSCR
$2,248
Rent
-$1,697
Cashflow
Cash Flow
$2,248 income − $3,945 expenses = $1,697 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,248
Total Expenses
$3,945
Mortgage P&I
99%
$2,216
Property Taxes
22%
$500
Home Insurance
7%
$150
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562