This property looks like a bad Airbnb investment with a projected -13.63% first-year return on $108k initial cash invested.
-13.63%
Cash On Cash
3.06%
Cap Rate
0.49
DSCR
$2,744
Rent
-$1,226
Cashflow
Cash Flow
$2,744 income − $3,970 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$3,970
Mortgage P&I
80%
$2,207
Property Taxes
10%
$287
Home Insurance
6%
$158
HOA
0%
$0
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686