This property looks like a bad Airbnb investment with a projected -4.45% first-year return on $127k initial cash invested.
-4.45%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$6,719
Rent
-$472
Cashflow
Cash Flow
$6,719 income − $7,191 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$104k
Closing costs
1%
$5,203
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,719
Total Expenses
$7,191
Mortgage P&I
42%
$2,852
Property Taxes
14%
$929
Home Insurance
3%
$184
HOA
0%
$0
Property Management
15%
$1,008
CapEx
4%
$269
Vacancy
0%
$0
Maintenance
4%
$269
Other
25%
$1,680