This property looks like a bad Airbnb investment with a projected -8.98% first-year return on $109k initial cash invested.
-8.98%
Cash On Cash
4.49%
Cap Rate
0.72
DSCR
$4,700
Rent
-$818
Cashflow
Cash Flow
$4,700 income − $5,518 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,960
Closing costs
1%
$4,348
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,700
Total Expenses
$5,518
Mortgage P&I
48%
$2,256
Property Taxes
18%
$835
Home Insurance
3%
$158
HOA
0%
$13
Property Management
15%
$705
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,175