This property looks like a bad Airbnb investment with a projected -9.25% first-year return on $97,779 initial cash invested.
-9.25%
Cash On Cash
4.65%
Cap Rate
0.7
DSCR
$3,132
Rent
-$754
Cashflow
Cash Flow
$3,132 income − $3,886 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,132
Total Expenses
$3,886
Mortgage P&I
67%
$2,101
Property Taxes
5%
$149
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$783