This property looks like a bad Airbnb investment with a projected -4.58% first-year return on $99,774 initial cash invested.
-4.58%
Cash On Cash
5.53%
Cap Rate
0.89
DSCR
$4,156
Rent
-$381
Cashflow
Cash Flow
$4,156 income − $4,537 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,774
Downpayment
20%
$77,880
Closing costs
1%
$3,894
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$4,537
Mortgage P&I
48%
$2,011
Property Taxes
9%
$389
Home Insurance
3%
$133
HOA
0%
$10
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,039