This property looks like a bad Airbnb investment with a projected -11.47% first-year return on $99,669 initial cash invested.
-11.47%
Cash On Cash
3.71%
Cap Rate
0.59
DSCR
$3,100
Rent
-$953
Cashflow
Cash Flow
$3,100 income − $4,053 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$4,053
Mortgage P&I
66%
$2,031
Property Taxes
12%
$373
Home Insurance
5%
$140
HOA
1%
$21
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775