This property looks like a bad Airbnb investment with a projected -7.39% first-year return on $132k initial cash invested.
-7.39%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$4,793
Rent
-$815
Cashflow
Cash Flow
$4,793 income − $5,608 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,448
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,793
Total Expenses
$5,608
Mortgage P&I
58%
$2,784
Property Taxes
7%
$332
Home Insurance
4%
$191
HOA
0%
$0
Property Management
15%
$719
CapEx
4%
$192
Vacancy
0%
$0
Maintenance
4%
$192
Other
25%
$1,198