This property looks like a bad Airbnb investment with a projected -9.35% first-year return on $98,850 initial cash invested.
-9.35%
Cash On Cash
4.03%
Cap Rate
0.67
DSCR
$3,636
Rent
-$770
Cashflow
Cash Flow
$3,636 income − $4,406 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,636
Total Expenses
$4,406
Mortgage P&I
53%
$1,917
Property Taxes
17%
$610
Home Insurance
4%
$135
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$909