This property looks like a bad Airbnb investment with a projected -7.03% first-year return on $115k initial cash invested.
-7.03%
Cash On Cash
5.19%
Cap Rate
0.8
DSCR
$4,417
Rent
-$672
Cashflow
Cash Flow
$4,417 income − $5,089 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,417
Total Expenses
$5,089
Mortgage P&I
56%
$2,487
Property Taxes
8%
$332
Home Insurance
3%
$149
HOA
0%
$0
Property Management
15%
$663
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,104