This property looks like a bad Airbnb investment with a projected -7.79% first-year return on $119k initial cash invested.
-7.79%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$4,693
Rent
-$771
Cashflow
Cash Flow
$4,693 income − $5,464 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,693
Total Expenses
$5,464
Mortgage P&I
55%
$2,583
Property Taxes
10%
$460
Home Insurance
4%
$168
HOA
0%
$0
Property Management
15%
$704
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,173