This property looks like a bad Airbnb investment with a projected -12.03% first-year return on $109k initial cash invested.
-12.03%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$2,924
Rent
-$1,094
Cashflow
Cash Flow
$2,924 income − $4,018 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,800
Closing costs
1%
$4,340
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,924
Total Expenses
$4,018
Mortgage P&I
75%
$2,200
Property Taxes
9%
$262
Home Insurance
5%
$152
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$731