This property looks like a bad Airbnb investment with a projected -15.74% first-year return on $98,682 initial cash invested.
-15.74%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$2,896
Rent
-$1,294
Cashflow
Cash Flow
$2,896 income − $4,190 expenses = $1,294 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,682
Downpayment
20%
$76,840
Closing costs
1%
$3,842
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$4,190
Mortgage P&I
72%
$2,071
Property Taxes
21%
$596
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$434
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724