This property looks like a bad Airbnb investment with a projected -8.92% first-year return on $116k initial cash invested.
-8.92%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$4,331
Rent
-$860
Cashflow
Cash Flow
$4,331 income − $5,191 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,100
Closing costs
1%
$4,655
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,331
Total Expenses
$5,191
Mortgage P&I
58%
$2,514
Property Taxes
10%
$432
Home Insurance
4%
$166
HOA
0%
$0
Property Management
15%
$650
CapEx
4%
$173
Vacancy
0%
$0
Maintenance
4%
$173
Other
25%
$1,083