This property looks like a bad Airbnb investment with a projected -5.24% first-year return on $108k initial cash invested.
-5.24%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$4,413
Rent
-$473
Cashflow
Cash Flow
$4,413 income − $4,886 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,413
Total Expenses
$4,886
Mortgage P&I
53%
$2,357
Property Taxes
6%
$259
Home Insurance
3%
$150
HOA
0%
$1
Property Management
15%
$662
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,103