This property looks like a bad Airbnb investment with a projected -6.99% first-year return on $115k initial cash invested.
-6.99%
Cash On Cash
5.4%
Cap Rate
0.81
DSCR
$4,405
Rent
-$671
Cashflow
Cash Flow
$4,405 income − $5,076 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,500
Closing costs
1%
$4,625
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,405
Total Expenses
$5,076
Mortgage P&I
58%
$2,575
Property Taxes
5%
$215
Home Insurance
4%
$163
HOA
0%
$9
Property Management
15%
$661
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,101