This property looks like a bad Airbnb investment with a projected -10.16% first-year return on $116k initial cash invested.
-10.16%
Cash On Cash
4.54%
Cap Rate
0.68
DSCR
$4,157
Rent
-$978
Cashflow
Cash Flow
$4,157 income − $5,135 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,157
Total Expenses
$5,135
Mortgage P&I
62%
$2,569
Property Taxes
10%
$405
Home Insurance
4%
$166
HOA
0%
$0
Property Management
15%
$624
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,039