This property looks like a bad Airbnb investment with a projected -9.33% first-year return on $99,060 initial cash invested.
-9.33%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$3,468
Rent
-$770
Cashflow
Cash Flow
$3,468 income − $4,238 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,468
Total Expenses
$4,238
Mortgage P&I
61%
$2,129
Property Taxes
9%
$309
Home Insurance
4%
$135
HOA
0%
$0
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$867