This property looks like a bad Airbnb investment with a projected -20.97% first-year return on $108k initial cash invested.
-20.97%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$2,309
Rent
-$1,886
Cashflow
Cash Flow
$2,309 income − $4,195 expenses = $1,886 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,640
Closing costs
1%
$4,282
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,309
Total Expenses
$4,195
Mortgage P&I
101%
$2,328
Property Taxes
25%
$577
Home Insurance
7%
$154
HOA
1%
$29
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$577