This property looks like a bad Airbnb investment with a projected -16.27% first-year return on $97,779 initial cash invested.
-16.27%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$2,158
Rent
-$1,326
Cashflow
Cash Flow
$2,158 income − $3,484 expenses = $1,326 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,158
Total Expenses
$3,484
Mortgage P&I
95%
$2,058
Property Taxes
12%
$257
Home Insurance
6%
$133
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$540