This property looks like a bad Airbnb investment with a projected -18.09% first-year return on $98,850 initial cash invested.
-18.09%
Cash On Cash
1.76%
Cap Rate
0.28
DSCR
$1,403
Rent
-$1,490
Cashflow
Cash Flow
$1,403 income − $2,893 expenses = $1,490 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,403
Total Expenses
$2,893
Mortgage P&I
143%
$2,000
Property Taxes
6%
$85
Home Insurance
10%
$135
HOA
0%
$0
Property Management
15%
$210
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$351