This property looks like a bad Airbnb investment with a projected -8.98% first-year return on $109k initial cash invested.
-8.98%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$4,008
Rent
-$819
Cashflow
Cash Flow
$4,008 income − $4,827 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$87,080
Closing costs
1%
$4,354
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,008
Total Expenses
$4,827
Mortgage P&I
59%
$2,362
Property Taxes
10%
$388
Home Insurance
4%
$154
HOA
0%
$0
Property Management
15%
$601
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,002