This property looks like a bad Airbnb investment with a projected -6.93% first-year return on $109k initial cash invested.
-6.93%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$4,426
Rent
-$630
Cashflow
Cash Flow
$4,426 income − $5,056 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,740
Closing costs
1%
$4,337
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,426
Total Expenses
$5,056
Mortgage P&I
54%
$2,390
Property Taxes
9%
$388
Home Insurance
3%
$154
HOA
0%
$0
Property Management
15%
$664
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,106