This property looks like a bad Airbnb investment with a projected -12.75% first-year return on $109k initial cash invested.
-12.75%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$2,705
Rent
-$1,153
Cashflow
Cash Flow
$2,705 income − $3,858 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,200
Closing costs
1%
$4,310
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,705
Total Expenses
$3,858
Mortgage P&I
80%
$2,177
Property Taxes
8%
$209
Home Insurance
6%
$153
HOA
1%
$21
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676