This property looks like a bad Airbnb investment with a projected -8.12% first-year return on $118k initial cash invested.
-8.12%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$4,699
Rent
-$798
Cashflow
Cash Flow
$4,699 income − $5,497 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,140
Closing costs
1%
$4,757
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,699
Total Expenses
$5,497
Mortgage P&I
56%
$2,640
Property Taxes
6%
$302
Home Insurance
4%
$166
HOA
3%
$133
Property Management
15%
$705
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,175