This property looks like a bad Airbnb investment with a projected -7.96% first-year return on $107k initial cash invested.
-7.96%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$4,111
Rent
-$712
Cashflow
Cash Flow
$4,111 income − $4,823 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,100
Closing costs
1%
$4,255
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,111
Total Expenses
$4,823
Mortgage P&I
56%
$2,314
Property Taxes
9%
$384
Home Insurance
4%
$152
HOA
0%
$0
Property Management
15%
$617
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,028