This property looks like a bad Airbnb investment with a projected -6.79% first-year return on $110k initial cash invested.
-6.79%
Cash On Cash
4.91%
Cap Rate
0.8
DSCR
$4,392
Rent
-$621
Cashflow
Cash Flow
$4,392 income − $5,013 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$87,380
Closing costs
1%
$4,369
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,392
Total Expenses
$5,013
Mortgage P&I
51%
$2,233
Property Taxes
11%
$479
Home Insurance
4%
$192
HOA
0%
$0
Property Management
15%
$659
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,098