This property looks like a bad Airbnb investment with a projected -7.52% first-year return on $121k initial cash invested.
-7.52%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$4,693
Rent
-$761
Cashflow
Cash Flow
$4,693 income − $5,454 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,440
Closing costs
1%
$4,922
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,693
Total Expenses
$5,454
Mortgage P&I
54%
$2,513
Property Taxes
11%
$522
Home Insurance
4%
$166
HOA
0%
$0
Property Management
15%
$704
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,173