This property looks like a bad Airbnb investment with a projected -5.44% first-year return on $126k initial cash invested.
-5.44%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$4,847
Rent
-$570
Cashflow
Cash Flow
$4,847 income − $5,417 expenses = $570 out of pocket
Investment Breakdown
|
Purchase Price
$513k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,847
Total Expenses
$5,417
Mortgage P&I
58%
$2,799
Property Taxes
2%
$111
Home Insurance
4%
$180
HOA
0%
$0
Property Management
15%
$727
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,212