This property looks like a bad Airbnb investment with a projected -18.55% first-year return on $108k initial cash invested.
-18.55%
Cash On Cash
1.65%
Cap Rate
0.27
DSCR
$1,960
Rent
-$1,668
Cashflow
Cash Flow
$1,960 income − $3,628 expenses = $1,668 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,600
Closing costs
1%
$4,280
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,960
Total Expenses
$3,628
Mortgage P&I
111%
$2,177
Property Taxes
18%
$361
Home Insurance
8%
$150
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490