This property looks like a bad Airbnb investment with a projected -10.23% first-year return on $97,800 initial cash invested.
-10.23%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$3,110
Rent
-$834
Cashflow
Cash Flow
$3,110 income − $3,944 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$3,944
Mortgage P&I
67%
$2,098
Property Taxes
7%
$221
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$778