This property looks like a bad Airbnb investment with a projected -6.35% first-year return on $101k initial cash invested.
-6.35%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$3,589
Rent
-$535
Cashflow
Cash Flow
$3,589 income − $4,124 expenses = $535 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%
$79,080
Closing costs
1%
$3,954
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,589
Total Expenses
$4,124
Mortgage P&I
60%
$2,158
Property Taxes
3%
$105
Home Insurance
4%
$138
HOA
0%
$0
Property Management
15%
$538
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$897