This property looks like a bad Airbnb investment with a projected -11.34% first-year return on $98,493 initial cash invested.
-11.34%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$3,355
Rent
-$931
Cashflow
Cash Flow
$3,355 income − $4,286 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,493
Downpayment
20%
$76,660
Closing costs
1%
$3,833
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,355
Total Expenses
$4,286
Mortgage P&I
63%
$2,097
Property Taxes
14%
$453
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$503
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$839