This property looks like a bad Airbnb investment with a projected -12.85% first-year return on $101k initial cash invested.
-12.85%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$2,875
Rent
-$1,086
Cashflow
Cash Flow
$2,875 income − $3,961 expenses = $1,086 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,875
Total Expenses
$3,961
Mortgage P&I
76%
$2,174
Property Taxes
9%
$265
Home Insurance
5%
$142
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$719