This property looks like a bad Airbnb investment with a projected -2.69% first-year return on $109k initial cash invested.
-2.69%
Cash On Cash
5.95%
Cap Rate
0.97
DSCR
$4,376
Rent
-$245
Cashflow
Cash Flow
$4,376 income − $4,621 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,860
Closing costs
1%
$4,343
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,376
Total Expenses
$4,621
Mortgage P&I
51%
$2,223
Property Taxes
3%
$146
Home Insurance
3%
$152
HOA
0%
$0
Property Management
15%
$656
CapEx
4%
$175
Vacancy
0%
$0
Maintenance
4%
$175
Other
25%
$1,094