This property looks like a bad Airbnb investment with a projected -8.22% first-year return on $114k initial cash invested.
-8.22%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$4,435
Rent
-$782
Cashflow
Cash Flow
$4,435 income − $5,217 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,540
Closing costs
1%
$4,577
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,435
Total Expenses
$5,217
Mortgage P&I
56%
$2,475
Property Taxes
10%
$450
Home Insurance
4%
$164
HOA
0%
$0
Property Management
15%
$665
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,109