This property looks like a bad Airbnb investment with a projected -16.09% first-year return on $109k initial cash invested.
-16.09%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,569
Rent
-$1,459
Cashflow
Cash Flow
$2,569 income − $4,028 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,500
Closing costs
1%
$4,325
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,569
Total Expenses
$4,028
Mortgage P&I
92%
$2,371
Property Taxes
9%
$224
Home Insurance
6%
$158
HOA
2%
$42
Property Management
15%
$385
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$642