This property looks like a bad Airbnb investment with a projected -31.5% first-year return on $108k initial cash invested.
-31.5%
Cash On Cash
-1.12%
Cap Rate
-0.17
DSCR
$1,369
Rent
-$2,838
Cashflow
Cash Flow
$1,369 income − $4,207 expenses = $2,838 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,820
Closing costs
1%
$4,291
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,369
Total Expenses
$4,207
Mortgage P&I
174%
$2,383
Property Taxes
72%
$992
Home Insurance
13%
$175
HOA
0%
$0
Property Management
15%
$205
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$342