This property looks like a bad Airbnb investment with a projected -3.9% first-year return on $99,123 initial cash invested.
-3.9%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$4,270
Rent
-$322
Cashflow
Cash Flow
$4,270 income − $4,592 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,270
Total Expenses
$4,592
Mortgage P&I
49%
$2,101
Property Taxes
7%
$301
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$640
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,068