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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 -20.33% first-year return on $154k initial cash invested.

-20.33%

Cash On Cash

1.48%

Cap Rate

0.24

DSCR

$2,951

Rent

-$2,612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,951 income − $5,563 expenses = $2,612 out of pocket

Income$2,951Out of Pocket$2,612Mortgage P&I$3,293112%Property Taxes$40514%Insurance$2288%HOA$2207%Management$44315%CapEx$1184%Maintenance$1184%Other$73825%

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

$2,951

Total Expenses

$5,563

Mortgage P&I

112%

$3,293

Property Taxes

14%

$405

Home Insurance

8%

$228

HOA

7%

$220

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$738

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