This property looks like a bad Airbnb investment with a projected -3.31% first-year return on $119k initial cash invested.
-3.31%
Cash On Cash
5.83%
Cap Rate
0.95
DSCR
$4,789
Rent
-$328
Cashflow
Cash Flow
$4,789 income − $5,117 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,789
Total Expenses
$5,117
Mortgage P&I
52%
$2,473
Property Taxes
3%
$154
Home Insurance
4%
$172
HOA
0%
$19
Property Management
15%
$718
CapEx
4%
$192
Vacancy
0%
$0
Maintenance
4%
$192
Other
25%
$1,197