This property looks like a bad Airbnb investment with a projected -11.55% first-year return on $101k initial cash invested.
-11.55%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$3,040
Rent
-$974
Cashflow
Cash Flow
$3,040 income − $4,014 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,200
Closing costs
1%
$3,960
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,040
Total Expenses
$4,014
Mortgage P&I
67%
$2,025
Property Taxes
13%
$389
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$456
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$760