This property looks like a bad Airbnb investment with a projected -15.71% first-year return on $99,900 initial cash invested.
-15.71%
Cash On Cash
2.86%
Cap Rate
0.44
DSCR
$2,571
Rent
-$1,308
Cashflow
Cash Flow
$2,571 income − $3,879 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,571
Total Expenses
$3,879
Mortgage P&I
83%
$2,133
Property Taxes
15%
$375
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$643