This property looks like a bad Airbnb investment with a projected -8.69% first-year return on $105k initial cash invested.
-8.69%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$4,163
Rent
-$761
Cashflow
Cash Flow
$4,163 income − $4,924 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,900
Closing costs
1%
$4,145
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,163
Total Expenses
$4,924
Mortgage P&I
50%
$2,100
Property Taxes
16%
$678
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$624
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,041