This property looks like a bad Airbnb investment with a projected -8.58% first-year return on $121k initial cash invested.
-8.58%
Cash On Cash
4.39%
Cap Rate
0.72
DSCR
$3,930
Rent
-$863
Cashflow
Cash Flow
$3,930 income − $4,793 expenses = $863 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%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,930
Total Expenses
$4,793
Mortgage P&I
64%
$2,496
Property Taxes
6%
$236
Home Insurance
4%
$175
HOA
0%
$0
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$982