This property looks like a bad Airbnb investment with a projected -7.67% first-year return on $99,480 initial cash invested.
-7.67%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$3,677
Rent
-$636
Cashflow
Cash Flow
$3,677 income − $4,313 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,677
Total Expenses
$4,313
Mortgage P&I
57%
$2,112
Property Taxes
9%
$314
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$552
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$919