This property looks like a bad Airbnb investment with a projected -8.76% first-year return on $104k initial cash invested.
-8.76%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$3,461
Rent
-$761
Cashflow
Cash Flow
$3,461 income − $4,222 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,140
Closing costs
1%
$4,107
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,461
Total Expenses
$4,222
Mortgage P&I
60%
$2,084
Property Taxes
10%
$334
Home Insurance
4%
$144
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$865