This property looks like a bad Airbnb investment with a projected -5.92% first-year return on $113k initial cash invested.
-5.92%
Cash On Cash
5.2%
Cap Rate
0.84
DSCR
$4,611
Rent
-$557
Cashflow
Cash Flow
$4,611 income − $5,168 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,360
Closing costs
1%
$4,518
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,611
Total Expenses
$5,168
Mortgage P&I
51%
$2,329
Property Taxes
11%
$486
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$692
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,153