This property looks like a bad Airbnb investment with a projected -13.64% first-year return on $100k initial cash invested.
-13.64%
Cash On Cash
3%
Cap Rate
0.48
DSCR
$2,241
Rent
-$1,137
Cashflow
Cash Flow
$2,241 income − $3,378 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,140
Closing costs
1%
$3,907
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,241
Total Expenses
$3,378
Mortgage P&I
90%
$2,023
Property Taxes
4%
$93
Home Insurance
6%
$145
HOA
2%
$41
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$560