This property looks like a bad Airbnb investment with a projected -8.23% first-year return on $118k initial cash invested.
-8.23%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$4,496
Rent
-$807
Cashflow
Cash Flow
$4,496 income − $5,303 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,496
Total Expenses
$5,303
Mortgage P&I
58%
$2,598
Property Taxes
8%
$381
Home Insurance
4%
$166
HOA
0%
$0
Property Management
15%
$674
CapEx
4%
$180
Vacancy
0%
$0
Maintenance
4%
$180
Other
25%
$1,124