This property looks like a bad Airbnb investment with a projected -8.62% first-year return on $113k initial cash invested.
-8.62%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$4,156
Rent
-$809
Cashflow
Cash Flow
$4,156 income − $4,965 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,100
Closing costs
1%
$4,505
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$4,965
Mortgage P&I
56%
$2,307
Property Taxes
12%
$503
Home Insurance
4%
$161
HOA
0%
$0
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,039