This property looks like a bad Airbnb investment with a projected -17.35% first-year return on $108k initial cash invested.
-17.35%
Cash On Cash
2.54%
Cap Rate
0.38
DSCR
$2,700
Rent
-$1,563
Cashflow
Cash Flow
$2,700 income − $4,263 expenses = $1,563 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,700
Total Expenses
$4,263
Mortgage P&I
88%
$2,363
Property Taxes
17%
$454
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$675