This property looks like a bad Airbnb investment with a projected -11.71% first-year return on $100k initial cash invested.
-11.71%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$3,010
Rent
-$976
Cashflow
Cash Flow
$3,010 income − $3,986 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,100
Closing costs
1%
$3,905
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,010
Total Expenses
$3,986
Mortgage P&I
69%
$2,090
Property Taxes
11%
$330
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752