This property looks like a bad Airbnb investment with a projected -4.21% first-year return on $103k initial cash invested.
-4.21%
Cash On Cash
5.7%
Cap Rate
0.92
DSCR
$4,580
Rent
-$361
Cashflow
Cash Flow
$4,580 income − $4,941 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,580
Total Expenses
$4,941
Mortgage P&I
46%
$2,099
Property Taxes
11%
$495
Home Insurance
3%
$149
HOA
0%
$0
Property Management
15%
$687
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,145