This property looks like a bad Airbnb investment with a projected -9.36% first-year return on $106k initial cash invested.
-9.36%
Cash On Cash
4.19%
Cap Rate
0.69
DSCR
$4,360
Rent
-$824
Cashflow
Cash Flow
$4,360 income − $5,184 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,520
Closing costs
1%
$4,176
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$5,184
Mortgage P&I
48%
$2,109
Property Taxes
19%
$808
Home Insurance
4%
$175
HOA
0%
$0
Property Management
15%
$654
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,090