This property looks like a bad Airbnb investment with a projected -10.95% first-year return on $98,640 initial cash invested.
-10.95%
Cash On Cash
3.93%
Cap Rate
0.62
DSCR
$2,956
Rent
-$900
Cashflow
Cash Flow
$2,956 income − $3,856 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,640
Downpayment
20%
$76,800
Closing costs
1%
$3,840
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$3,856
Mortgage P&I
69%
$2,040
Property Taxes
9%
$263
Home Insurance
5%
$135
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739