This property looks like a bad Airbnb investment with a projected -21.63% first-year return on $101k initial cash invested.
-21.63%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$1,918
Rent
-$1,821
Cashflow
Cash Flow
$1,918 income − $3,739 expenses = $1,821 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,060
Closing costs
1%
$3,953
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,918
Total Expenses
$3,739
Mortgage P&I
113%
$2,163
Property Taxes
27%
$514
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$288
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$480