This property looks like a bad Airbnb investment with a projected -15.29% first-year return on $100k initial cash invested.
-15.29%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$1,880
Rent
-$1,278
Cashflow
Cash Flow
$1,880 income − $3,158 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,360
Closing costs
1%
$3,918
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,880
Total Expenses
$3,158
Mortgage P&I
106%
$1,994
Property Taxes
6%
$122
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470