This property looks like a bad Airbnb investment with a projected -16.22% first-year return on $109k initial cash invested.
-16.22%
Cash On Cash
2.45%
Cap Rate
0.39
DSCR
$2,527
Rent
-$1,478
Cashflow
Cash Flow
$2,527 income − $4,005 expenses = $1,478 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,980
Closing costs
1%
$4,349
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,527
Total Expenses
$4,005
Mortgage P&I
90%
$2,265
Property Taxes
15%
$375
Home Insurance
6%
$152
HOA
0%
$0
Property Management
15%
$379
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$632