This property looks like a bad Airbnb investment with a projected -9.43% first-year return on $116k initial cash invested.
-9.43%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$3,735
Rent
-$909
Cashflow
Cash Flow
$3,735 income − $4,644 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,735
Total Expenses
$4,644
Mortgage P&I
66%
$2,463
Property Taxes
5%
$168
Home Insurance
4%
$163
HOA
2%
$58
Property Management
15%
$560
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$934