This property looks like a bad Airbnb investment with a projected -13.31% first-year return on $109k initial cash invested.
-13.31%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$3,327
Rent
-$1,208
Cashflow
Cash Flow
$3,327 income − $4,535 expenses = $1,208 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,600
Closing costs
1%
$4,330
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$4,535
Mortgage P&I
72%
$2,400
Property Taxes
12%
$398
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832