This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $109k initial cash invested.
-9.76%
Cash On Cash
4.17%
Cap Rate
0.66
DSCR
$3,175
Rent
-$891
Cashflow
Cash Flow
$3,175 income − $4,066 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,140
Closing costs
1%
$4,357
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,175
Total Expenses
$4,066
Mortgage P&I
72%
$2,277
Property Taxes
3%
$107
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794