This property looks like a bad Airbnb investment with a projected -18.01% first-year return on $101k initial cash invested.
-18.01%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$2,288
Rent
-$1,515
Cashflow
Cash Flow
$2,288 income − $3,803 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,980
Closing costs
1%
$3,949
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,288
Total Expenses
$3,803
Mortgage P&I
94%
$2,160
Property Taxes
18%
$404
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$343
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572