This property looks like a bad Airbnb investment with a projected -7.4% first-year return on $106k initial cash invested.
-7.4%
Cash On Cash
4.77%
Cap Rate
0.77
DSCR
$3,979
Rent
-$654
Cashflow
Cash Flow
$3,979 income − $4,633 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,979
Total Expenses
$4,633
Mortgage P&I
54%
$2,160
Property Taxes
10%
$416
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$995