This property looks like a bad Airbnb investment with a projected -8.12% first-year return on $130k initial cash invested.
-8.12%
Cash On Cash
4.48%
Cap Rate
0.74
DSCR
$4,045
Rent
-$878
Cashflow
Cash Flow
$4,045 income − $4,923 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,318
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,045
Total Expenses
$4,923
Mortgage P&I
67%
$2,703
Property Taxes
2%
$86
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$607
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,011