This property looks like a bad Airbnb investment with a projected -6.76% first-year return on $109k initial cash invested.
-6.76%
Cash On Cash
4.8%
Cap Rate
0.79
DSCR
$3,974
Rent
-$615
Cashflow
Cash Flow
$3,974 income − $4,589 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$86,760
Closing costs
1%
$4,338
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,974
Total Expenses
$4,589
Mortgage P&I
55%
$2,193
Property Taxes
8%
$331
Home Insurance
4%
$157
HOA
0%
$0
Property Management
15%
$596
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$994