This property looks like a bad Airbnb investment with a projected -10.09% first-year return on $118k initial cash invested.
-10.09%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$3,632
Rent
-$992
Cashflow
Cash Flow
$3,632 income − $4,624 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,240
Closing costs
1%
$4,762
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,632
Total Expenses
$4,624
Mortgage P&I
72%
$2,624
Property Taxes
2%
$90
Home Insurance
5%
$167
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$908