This property looks like a bad Airbnb investment with a projected -3.05% first-year return on $109k initial cash invested.
-3.05%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$4,736
Rent
-$276
Cashflow
Cash Flow
$4,736 income − $5,012 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,420
Closing costs
1%
$4,321
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,736
Total Expenses
$5,012
Mortgage P&I
47%
$2,240
Property Taxes
7%
$346
Home Insurance
3%
$154
HOA
0%
$0
Property Management
15%
$710
CapEx
4%
$189
Vacancy
0%
$0
Maintenance
4%
$189
Other
25%
$1,184