This property looks like a bad Airbnb investment with a projected -11.84% first-year return on $97,779 initial cash invested.
-11.84%
Cash On Cash
3.47%
Cap Rate
0.56
DSCR
$2,730
Rent
-$965
Cashflow
Cash Flow
$2,730 income − $3,695 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,730
Total Expenses
$3,695
Mortgage P&I
72%
$1,956
Property Taxes
11%
$296
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$410
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$682