This property looks like a bad Airbnb investment with a projected -17.37% first-year return on $98,388 initial cash invested.
-17.37%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$2,473
Rent
-$1,424
Cashflow
Cash Flow
$2,473 income − $3,897 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,388
Downpayment
20%
$76,560
Closing costs
1%
$3,828
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,473
Total Expenses
$3,897
Mortgage P&I
86%
$2,121
Property Taxes
19%
$459
Home Insurance
5%
$130
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618