This property looks like a bad Airbnb investment with a projected -14.93% first-year return on $108k initial cash invested.
-14.93%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$2,389
Rent
-$1,341
Cashflow
Cash Flow
$2,389 income − $3,730 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,500
Closing costs
1%
$4,275
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,389
Total Expenses
$3,730
Mortgage P&I
98%
$2,333
Property Taxes
4%
$89
Home Insurance
7%
$161
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$597