This property looks like a bad Airbnb investment with a projected -7.88% first-year return on $126k initial cash invested.
-7.88%
Cash On Cash
4.82%
Cap Rate
0.76
DSCR
$4,464
Rent
-$830
Cashflow
Cash Flow
$4,464 income − $5,294 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,161
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,464
Total Expenses
$5,294
Mortgage P&I
61%
$2,723
Property Taxes
5%
$229
Home Insurance
4%
$175
HOA
1%
$23
Property Management
15%
$670
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,116