This property looks like a bad Airbnb investment with a projected -16.95% first-year return on $108k initial cash invested.
-16.95%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$2,078
Rent
-$1,530
Cashflow
Cash Flow
$2,078 income − $3,608 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,078
Total Expenses
$3,608
Mortgage P&I
111%
$2,300
Property Taxes
8%
$160
Home Insurance
7%
$150
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$520