This property looks like a bad Airbnb investment with a projected -9.68% first-year return on $114k initial cash invested.
-9.68%
Cash On Cash
4.24%
Cap Rate
0.68
DSCR
$4,318
Rent
-$923
Cashflow
Cash Flow
$4,318 income − $5,241 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,880
Closing costs
1%
$4,594
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,318
Total Expenses
$5,241
Mortgage P&I
55%
$2,373
Property Taxes
15%
$630
Home Insurance
4%
$164
HOA
0%
$0
Property Management
15%
$648
CapEx
4%
$173
Vacancy
0%
$0
Maintenance
4%
$173
Other
25%
$1,080