This property looks like a bad Airbnb investment with a projected -13.72% first-year return on $97,779 initial cash invested.
-13.72%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$2,759
Rent
-$1,118
Cashflow
Cash Flow
$2,759 income − $3,877 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,759
Total Expenses
$3,877
Mortgage P&I
76%
$2,086
Property Taxes
12%
$334
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$414
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$690