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8428 S 16TH Drive, Phoenix, AZ 85041

3 beds • 3 baths • 2477 sqft

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This property looks like a bad Airbnb investment with a projected -20.17% first-year return on $154k initial cash invested.

-20.17%

Cash On Cash

1.52%

Cap Rate

0.25

DSCR

$2,992

Rent

-$2,591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,992 income − $5,583 expenses = $2,591 out of pocket

Income$2,992Out of Pocket$2,591Mortgage P&I$3,293110%Property Taxes$40514%Insurance$2288%HOA$2207%Management$44915%CapEx$1204%Maintenance$1204%Other$74825%

Investment Breakdown

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Purchase Price

$649k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$130k

Closing costs

1%

$6,485

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,992

Total Expenses

$5,583

Mortgage P&I

110%

$3,293

Property Taxes

14%

$405

Home Insurance

8%

$228

HOA

7%

$220

Property Management

15%

$449

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

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