This property looks like a bad Airbnb investment with a projected -5.52% first-year return on $100k initial cash invested.
-5.52%
Cash On Cash
5.05%
Cap Rate
0.85
DSCR
$4,136
Rent
-$461
Cashflow
Cash Flow
$4,136 income − $4,597 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,300
Closing costs
1%
$3,915
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,136
Total Expenses
$4,597
Mortgage P&I
47%
$1,945
Property Taxes
13%
$530
Home Insurance
3%
$138
HOA
0%
$0
Property Management
15%
$620
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,034