This property looks like a bad Airbnb investment with a projected -18.76% first-year return on $108k initial cash invested.
-18.76%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$1,681
Rent
-$1,691
Cashflow
Cash Flow
$1,681 income − $3,372 expenses = $1,691 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,900
Closing costs
1%
$4,295
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,681
Total Expenses
$3,372
Mortgage P&I
130%
$2,190
Property Taxes
13%
$226
Home Insurance
9%
$150
HOA
0%
$0
Property Management
15%
$252
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$420