This property looks like a bad Airbnb investment with a projected -6.9% first-year return on $108k initial cash invested.
-6.9%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$4,106
Rent
-$621
Cashflow
Cash Flow
$4,106 income − $4,727 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,760
Closing costs
1%
$4,288
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,106
Total Expenses
$4,727
Mortgage P&I
53%
$2,194
Property Taxes
10%
$414
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$616
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,026