This property looks like a bad Airbnb investment with a projected -5.32% first-year return on $104k initial cash invested.
-5.32%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$4,434
Rent
-$459
Cashflow
Cash Flow
$4,434 income − $4,893 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,480
Closing costs
1%
$4,074
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,434
Total Expenses
$4,893
Mortgage P&I
50%
$2,215
Property Taxes
9%
$411
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$665
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,108