This property looks like a bad Airbnb investment with a projected -20.25% first-year return on $108k initial cash invested.
-20.25%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$2,978
Rent
-$1,828
Cashflow
Cash Flow
$2,978 income − $4,806 expenses = $1,828 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$4,806
Mortgage P&I
81%
$2,405
Property Taxes
27%
$793
Home Insurance
5%
$150
HOA
1%
$29
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744