This property looks like a bad Airbnb investment with a projected -6.76% first-year return on $127k initial cash invested.
-6.76%
Cash On Cash
4.99%
Cap Rate
0.8
DSCR
$4,484
Rent
-$715
Cashflow
Cash Flow
$4,484 income − $5,199 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,186
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,484
Total Expenses
$5,199
Mortgage P&I
60%
$2,691
Property Taxes
4%
$172
Home Insurance
4%
$184
HOA
0%
$0
Property Management
15%
$673
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,121