This property looks like a bad Airbnb investment with a projected -7.64% first-year return on $104k initial cash invested.
-7.64%
Cash On Cash
4.75%
Cap Rate
0.78
DSCR
$4,823
Rent
-$661
Cashflow
Cash Flow
$4,823 income − $5,484 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,823
Total Expenses
$5,484
Mortgage P&I
43%
$2,087
Property Taxes
19%
$937
Home Insurance
3%
$145
HOA
0%
$0
Property Management
15%
$723
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,206