This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $101k initial cash invested.
-12.73%
Cash On Cash
3.31%
Cap Rate
0.54
DSCR
$3,388
Rent
-$1,071
Cashflow
Cash Flow
$3,388 income − $4,459 expenses = $1,071 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,388
Total Expenses
$4,459
Mortgage P&I
60%
$2,023
Property Taxes
19%
$640
Home Insurance
4%
$140
HOA
1%
$29
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847