This property looks like a bad Airbnb investment with a projected -8.94% first-year return on $112k initial cash invested.
-8.94%
Cash On Cash
4.32%
Cap Rate
0.7
DSCR
$3,830
Rent
-$836
Cashflow
Cash Flow
$3,830 income − $4,666 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,760
Closing costs
1%
$4,488
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,830
Total Expenses
$4,666
Mortgage P&I
60%
$2,299
Property Taxes
10%
$371
Home Insurance
4%
$158
HOA
0%
$0
Property Management
15%
$574
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$958