This property looks like a bad Airbnb investment with a projected -7.72% first-year return on $111k initial cash invested.
-7.72%
Cash On Cash
4.93%
Cap Rate
0.77
DSCR
$4,646
Rent
-$715
Cashflow
Cash Flow
$4,646 income − $5,361 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,720
Closing costs
1%
$4,436
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,646
Total Expenses
$5,361
Mortgage P&I
51%
$2,351
Property Taxes
13%
$623
Home Insurance
3%
$156
HOA
0%
$0
Property Management
15%
$697
CapEx
4%
$186
Vacancy
0%
$0
Maintenance
4%
$186
Other
25%
$1,162