This property looks like a bad Airbnb investment with a projected -8.33% first-year return on $104k initial cash invested.
-8.33%
Cash On Cash
4.55%
Cap Rate
0.73
DSCR
$3,939
Rent
-$721
Cashflow
Cash Flow
$3,939 income − $4,660 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,740
Closing costs
1%
$4,087
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,660
Mortgage P&I
54%
$2,111
Property Taxes
13%
$513
Home Insurance
4%
$144
HOA
0%
$0
Property Management
15%
$591
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$985