This property looks like a bad Airbnb investment with a projected -23.4% first-year return on $108k initial cash invested.
-23.4%
Cash On Cash
0.89%
Cap Rate
0.14
DSCR
$2,469
Rent
-$2,111
Cashflow
Cash Flow
$2,469 income − $4,580 expenses = $2,111 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,469
Total Expenses
$4,580
Mortgage P&I
94%
$2,331
Property Taxes
37%
$914
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$617