This property looks like a bad Airbnb investment with a projected -9.32% first-year return on $121k initial cash invested.
-9.32%
Cash On Cash
4.18%
Cap Rate
0.68
DSCR
$3,693
Rent
-$937
Cashflow
Cash Flow
$3,693 income − $4,630 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,693
Total Expenses
$4,630
Mortgage P&I
68%
$2,494
Property Taxes
5%
$188
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923