This property looks like a bad Airbnb investment with a projected -15.08% first-year return on $101k initial cash invested.
-15.08%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$3,331
Rent
-$1,263
Cashflow
Cash Flow
$3,331 income − $4,594 expenses = $1,263 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,600
Closing costs
1%
$3,930
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,331
Total Expenses
$4,594
Mortgage P&I
65%
$2,150
Property Taxes
21%
$712
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$500
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$833