This property looks like a bad Airbnb investment with a projected -4.61% first-year return on $116k initial cash invested.
-4.61%
Cash On Cash
5.44%
Cap Rate
0.88
DSCR
$4,088
Rent
-$446
Cashflow
Cash Flow
$4,088 income − $4,534 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,480
Closing costs
1%
$4,674
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,088
Total Expenses
$4,534
Mortgage P&I
59%
$2,400
Property Taxes
0%
$3
Home Insurance
4%
$168
HOA
0%
$0
Property Management
15%
$613
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,022