This property looks like a bad Airbnb investment with a projected -6.9% first-year return on $121k initial cash invested.
-6.9%
Cash On Cash
5%
Cap Rate
0.81
DSCR
$5,154
Rent
-$694
Cashflow
Cash Flow
$5,154 income − $5,848 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,154
Total Expenses
$5,848
Mortgage P&I
49%
$2,527
Property Taxes
13%
$673
Home Insurance
3%
$175
HOA
0%
$0
Property Management
15%
$773
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,288