This property looks like a bad Airbnb investment with a projected -19.05% first-year return on $109k initial cash invested.
-19.05%
Cash On Cash
1.47%
Cap Rate
0.25
DSCR
$2,460
Rent
-$1,730
Cashflow
Cash Flow
$2,460 income − $4,190 expenses = $1,730 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,620
Closing costs
1%
$4,331
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$4,190
Mortgage P&I
88%
$2,162
Property Taxes
29%
$708
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615