This property looks like a bad Airbnb investment with a projected -8.17% first-year return on $120k initial cash invested.
-8.17%
Cash On Cash
5.11%
Cap Rate
0.76
DSCR
$4,239
Rent
-$816
Cashflow
Cash Flow
$4,239 income − $5,055 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,239
Total Expenses
$5,055
Mortgage P&I
64%
$2,712
Property Taxes
3%
$137
Home Insurance
4%
$170
HOA
0%
$0
Property Management
15%
$636
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,060