This property looks like a bad Airbnb investment with a projected -13.15% first-year return on $109k initial cash invested.
-13.15%
Cash On Cash
3.7%
Cap Rate
0.56
DSCR
$3,530
Rent
-$1,192
Cashflow
Cash Flow
$3,530 income − $4,722 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,460
Closing costs
1%
$4,323
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$4,722
Mortgage P&I
68%
$2,383
Property Taxes
14%
$501
Home Insurance
4%
$144
HOA
0%
$0
Property Management
15%
$530
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$882