This property looks like a bad Airbnb investment with a projected -7.89% first-year return on $97,800 initial cash invested.
-7.89%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$3,537
Rent
-$643
Cashflow
Cash Flow
$3,537 income − $4,180 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,537
Total Expenses
$4,180
Mortgage P&I
55%
$1,959
Property Taxes
11%
$391
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$531
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$884