This property looks like a bad Airbnb investment with a projected -11.42% first-year return on $98,472 initial cash invested.
-11.42%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$3,149
Rent
-$937
Cashflow
Cash Flow
$3,149 income − $4,086 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,472
Downpayment
20%
$76,640
Closing costs
1%
$3,832
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,149
Total Expenses
$4,086
Mortgage P&I
66%
$2,067
Property Taxes
12%
$380
Home Insurance
4%
$128
HOA
0%
$0
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$787