This property looks like a bad Airbnb investment with a projected -6.89% first-year return on $103k initial cash invested.
-6.89%
Cash On Cash
4.87%
Cap Rate
0.79
DSCR
$4,026
Rent
-$593
Cashflow
Cash Flow
$4,026 income − $4,619 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,240
Closing costs
1%
$4,062
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,026
Total Expenses
$4,619
Mortgage P&I
52%
$2,082
Property Taxes
12%
$463
Home Insurance
4%
$142
HOA
0%
$0
Property Management
15%
$604
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,006