This property looks like a bad Airbnb investment with a projected -11.86% first-year return on $108k initial cash invested.
-11.86%
Cash On Cash
3.48%
Cap Rate
0.57
DSCR
$2,957
Rent
-$1,071
Cashflow
Cash Flow
$2,957 income − $4,028 expenses = $1,071 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,020
Closing costs
1%
$4,301
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,957
Total Expenses
$4,028
Mortgage P&I
74%
$2,201
Property Taxes
9%
$254
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$444
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739