This property looks like a bad Airbnb investment with a projected -10.01% first-year return on $109k initial cash invested.
-10.01%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$3,282
Rent
-$908
Cashflow
Cash Flow
$3,282 income − $4,190 expenses = $908 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
$3,282
Total Expenses
$4,190
Mortgage P&I
72%
$2,360
Property Taxes
3%
$100
Home Insurance
5%
$156
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820