This property looks like a bad Airbnb investment with a projected -6.7% first-year return on $111k initial cash invested.
-6.7%
Cash On Cash
4.91%
Cap Rate
0.8
DSCR
$3,812
Rent
-$618
Cashflow
Cash Flow
$3,812 income − $4,430 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,300
Closing costs
1%
$4,415
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$4,430
Mortgage P&I
60%
$2,274
Property Taxes
4%
$167
Home Insurance
4%
$154
HOA
0%
$6
Property Management
15%
$572
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$953