This property looks like a bad Airbnb investment with a projected -19.04% first-year return on $99,690 initial cash invested.
-19.04%
Cash On Cash
1.53%
Cap Rate
0.25
DSCR
$1,748
Rent
-$1,582
Cashflow
Cash Flow
$1,748 income − $3,330 expenses = $1,582 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,748
Total Expenses
$3,330
Mortgage P&I
115%
$2,008
Property Taxes
19%
$332
Home Insurance
8%
$136
HOA
1%
$15
Property Management
15%
$262
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$437