This property looks like a bad Airbnb investment with a projected -8.5% first-year return on $99,690 initial cash invested.
-8.5%
Cash On Cash
4.37%
Cap Rate
0.71
DSCR
$3,152
Rent
-$706
Cashflow
Cash Flow
$3,152 income − $3,858 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,858
Mortgage P&I
63%
$1,998
Property Taxes
7%
$211
Home Insurance
4%
$136
HOA
0%
$0
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788