This property looks like a bad Airbnb investment with a projected -11.09% first-year return on $99,543 initial cash invested.
-11.09%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$3,136
Rent
-$920
Cashflow
Cash Flow
$3,136 income − $4,056 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,543
Downpayment
20%
$77,660
Closing costs
1%
$3,883
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,136
Total Expenses
$4,056
Mortgage P&I
68%
$2,119
Property Taxes
8%
$265
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784