This property looks like a bad Airbnb investment with a projected -10.61% first-year return on $99,186 initial cash invested.
-10.61%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$3,058
Rent
-$877
Cashflow
Cash Flow
$3,058 income − $3,935 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,186
Downpayment
20%
$77,320
Closing costs
1%
$3,866
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$3,935
Mortgage P&I
69%
$2,110
Property Taxes
7%
$213
Home Insurance
5%
$140
HOA
0%
$5
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764