This property looks like a bad Airbnb investment with a projected -13.64% first-year return on $97,926 initial cash invested.
-13.64%
Cash On Cash
3%
Cap Rate
0.48
DSCR
$2,209
Rent
-$1,113
Cashflow
Cash Flow
$2,209 income − $3,322 expenses = $1,113 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,926
Downpayment
20%
$76,120
Closing costs
1%
$3,806
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,209
Total Expenses
$3,322
Mortgage P&I
90%
$1,978
Property Taxes
7%
$149
Home Insurance
6%
$136
HOA
0%
$0
Property Management
15%
$331
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$552