This property looks like a bad Airbnb investment with a projected -13.62% first-year return on $108k initial cash invested.
-13.62%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$3,276
Rent
-$1,224
Cashflow
Cash Flow
$3,276 income − $4,500 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,540
Closing costs
1%
$4,277
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,276
Total Expenses
$4,500
Mortgage P&I
72%
$2,361
Property Taxes
13%
$417
Home Insurance
5%
$150
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819