This property looks like a bad Airbnb investment with a projected -9.09% first-year return on $114k initial cash invested.
-9.09%
Cash On Cash
4.8%
Cap Rate
0.73
DSCR
$4,321
Rent
-$864
Cashflow
Cash Flow
$4,321 income − $5,185 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,480
Closing costs
1%
$4,574
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,321
Total Expenses
$5,185
Mortgage P&I
58%
$2,521
Property Taxes
10%
$429
Home Insurance
4%
$161
HOA
0%
$0
Property Management
15%
$648
CapEx
4%
$173
Vacancy
0%
$0
Maintenance
4%
$173
Other
25%
$1,080