This property looks like a bad Airbnb investment with a projected -8.14% first-year return on $130k initial cash invested.
-8.14%
Cash On Cash
4.88%
Cap Rate
0.76
DSCR
$4,475
Rent
-$880
Cashflow
Cash Flow
$4,475 income − $5,355 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$532k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$106k
Closing costs
1%
$5,321
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,475
Total Expenses
$5,355
Mortgage P&I
64%
$2,864
Property Taxes
6%
$255
Home Insurance
2%
$88
HOA
0%
$0
Property Management
15%
$671
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,119