This property looks like a bad Airbnb investment with a projected -8.15% first-year return on $110k initial cash invested.
-8.15%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$4,524
Rent
-$749
Cashflow
Cash Flow
$4,524 income − $5,273 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,860
Closing costs
1%
$4,393
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,524
Total Expenses
$5,273
Mortgage P&I
53%
$2,406
Property Taxes
12%
$531
Home Insurance
4%
$164
HOA
0%
$0
Property Management
15%
$679
CapEx
4%
$181
Vacancy
0%
$0
Maintenance
4%
$181
Other
25%
$1,131