This property looks like a bad Airbnb investment with a projected -7.3% first-year return on $115k initial cash invested.
-7.3%
Cash On Cash
4.64%
Cap Rate
0.77
DSCR
$4,279
Rent
-$697
Cashflow
Cash Flow
$4,279 income − $4,976 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,279
Total Expenses
$4,976
Mortgage P&I
54%
$2,304
Property Taxes
11%
$457
Home Insurance
4%
$161
HOA
0%
$0
Property Management
15%
$642
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,070