This property looks like a bad Airbnb investment with a projected -10.32% first-year return on $97,821 initial cash invested.
-10.32%
Cash On Cash
4.32%
Cap Rate
0.66
DSCR
$3,153
Rent
-$841
Cashflow
Cash Flow
$3,153 income − $3,994 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,153
Total Expenses
$3,994
Mortgage P&I
66%
$2,082
Property Taxes
8%
$264
Home Insurance
4%
$135
HOA
0%
$0
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788