This property looks like a bad Airbnb investment with a projected -5.86% first-year return on $99,690 initial cash invested.
-5.86%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$3,850
Rent
-$487
Cashflow
Cash Flow
$3,850 income − $4,337 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,850
Total Expenses
$4,337
Mortgage P&I
56%
$2,167
Property Taxes
5%
$182
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$578
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962