This property looks like a bad Airbnb investment with a projected -21.31% first-year return on $99,900 initial cash invested.
-21.31%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$1,768
Rent
-$1,774
Cashflow
Cash Flow
$1,768 income − $3,542 expenses = $1,774 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
$1,768
Total Expenses
$3,542
Mortgage P&I
121%
$2,140
Property Taxes
23%
$408
Home Insurance
8%
$145
HOA
0%
$0
Property Management
15%
$265
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$442