This property looks like a bad Airbnb investment with a projected -7.35% first-year return on $125k initial cash invested.
-7.35%
Cash On Cash
4.85%
Cap Rate
0.78
DSCR
$4,465
Rent
-$764
Cashflow
Cash Flow
$4,465 income − $5,229 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,084
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,465
Total Expenses
$5,229
Mortgage P&I
59%
$2,641
Property Taxes
3%
$156
Home Insurance
4%
$182
HOA
2%
$106
Property Management
15%
$670
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,116