This property looks like a bad Airbnb investment with a projected -8.71% first-year return on $115k initial cash invested.
-8.71%
Cash On Cash
4.4%
Cap Rate
0.71
DSCR
$3,677
Rent
-$836
Cashflow
Cash Flow
$3,677 income − $4,513 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,500
Closing costs
1%
$4,625
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,677
Total Expenses
$4,513
Mortgage P&I
65%
$2,386
Property Taxes
4%
$138
Home Insurance
5%
$166
HOA
2%
$58
Property Management
15%
$552
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$919