This property looks like a bad Airbnb investment with a projected -8.83% first-year return on $100k initial cash invested.
-8.83%
Cash On Cash
4.51%
Cap Rate
0.71
DSCR
$3,505
Rent
-$738
Cashflow
Cash Flow
$3,505 income − $4,243 expenses = $738 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,380
Closing costs
1%
$3,919
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,505
Total Expenses
$4,243
Mortgage P&I
59%
$2,071
Property Taxes
9%
$322
Home Insurance
4%
$140
HOA
1%
$28
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876