This property looks like a bad Airbnb investment with a projected -9.43% first-year return on $125k initial cash invested.
-9.43%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$4,047
Rent
-$983
Cashflow
Cash Flow
$4,047 income − $5,030 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,047
Total Expenses
$5,030
Mortgage P&I
70%
$2,829
Property Taxes
2%
$80
Home Insurance
4%
$178
HOA
0%
$0
Property Management
15%
$607
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,012