This property looks like a bad Airbnb investment with a projected -8.62% first-year return on $129k initial cash invested.
-8.62%
Cash On Cash
4.46%
Cap Rate
0.72
DSCR
$4,246
Rent
-$924
Cashflow
Cash Flow
$4,246 income − $5,170 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$527k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$105k
Closing costs
1%
$5,268
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,246
Total Expenses
$5,170
Mortgage P&I
64%
$2,711
Property Taxes
5%
$228
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$637
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,062