This property looks like a bad Airbnb investment with a projected -17.92% first-year return on $99,123 initial cash invested.
-17.92%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$2,082
Rent
-$1,480
Cashflow
Cash Flow
$2,082 income − $3,562 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,123
Downpayment
20%
$77,260
Closing costs
1%
$3,863
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,082
Total Expenses
$3,562
Mortgage P&I
96%
$2,004
Property Taxes
21%
$430
Home Insurance
6%
$130
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$520