This property looks like a bad Airbnb investment with a projected -30.38% first-year return on $97,800 initial cash invested.
-30.38%
Cash On Cash
-1.58%
Cap Rate
-0.25
DSCR
$0
Rent
-$2,476
Cashflow
Cash Flow
$0 income − $2,476 expenses = $2,476 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$0
Total Expenses
$2,476
Mortgage P&I
19750000%
$1,975
Property Taxes
3680000%
$368
Home Insurance
1330000%
$133
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0