This property looks like a bad Airbnb investment with a projected -14.11% first-year return on $108k initial cash invested.
-14.11%
Cash On Cash
3.19%
Cap Rate
0.5
DSCR
$2,711
Rent
-$1,271
Cashflow
Cash Flow
$2,711 income − $3,982 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,711
Total Expenses
$3,982
Mortgage P&I
85%
$2,305
Property Taxes
8%
$224
Home Insurance
6%
$152
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678