This property looks like a bad Airbnb investment with a projected -18.05% first-year return on $109k initial cash invested.
-18.05%
Cash On Cash
2.41%
Cap Rate
0.36
DSCR
$2,669
Rent
-$1,643
Cashflow
Cash Flow
$2,669 income − $4,312 expenses = $1,643 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,880
Closing costs
1%
$4,344
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,669
Total Expenses
$4,312
Mortgage P&I
90%
$2,410
Property Taxes
18%
$467
Home Insurance
6%
$154
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667