This property looks like a bad Airbnb investment with a projected -5.68% first-year return on $113k initial cash invested.
-5.68%
Cash On Cash
5.1%
Cap Rate
0.85
DSCR
$5,135
Rent
-$534
Cashflow
Cash Flow
$5,135 income − $5,669 expenses = $534 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,380
Closing costs
1%
$4,519
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,135
Total Expenses
$5,669
Mortgage P&I
44%
$2,249
Property Taxes
16%
$802
Home Insurance
3%
$154
HOA
0%
$0
Property Management
15%
$770
CapEx
4%
$205
Vacancy
0%
$0
Maintenance
4%
$205
Other
25%
$1,284