This property looks like a bad Airbnb investment with a projected -14% first-year return on $100k initial cash invested.
-14%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,574
Rent
-$1,172
Cashflow
Cash Flow
$2,574 income − $3,746 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,540
Closing costs
1%
$3,927
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$3,746
Mortgage P&I
78%
$2,019
Property Taxes
7%
$186
Home Insurance
5%
$138
HOA
6%
$167
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644