This property looks like a bad Airbnb investment with a projected -4.52% first-year return on $97,779 initial cash invested.
-4.52%
Cash On Cash
5.53%
Cap Rate
0.9
DSCR
$4,206
Rent
-$368
Cashflow
Cash Flow
$4,206 income − $4,574 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,206
Total Expenses
$4,574
Mortgage P&I
46%
$1,950
Property Taxes
11%
$472
Home Insurance
3%
$133
HOA
0%
$0
Property Management
15%
$631
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,052