This property looks like a bad Airbnb investment with a projected -32.57% first-year return on $109k initial cash invested.
-32.57%
Cash On Cash
-1.83%
Cap Rate
-0.29
DSCR
$1,304
Rent
-$2,966
Cashflow
Cash Flow
$1,304 income − $4,270 expenses = $2,966 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,920
Closing costs
1%
$4,346
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,304
Total Expenses
$4,270
Mortgage P&I
173%
$2,253
Property Taxes
41%
$536
Home Insurance
12%
$156
HOA
54%
$699
Property Management
15%
$196
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$326