This property looks like a bad Airbnb investment with a projected -14% first-year return on $99,585 initial cash invested.
-14%
Cash On Cash
3.41%
Cap Rate
0.51
DSCR
$2,660
Rent
-$1,162
Cashflow
Cash Flow
$2,660 income − $3,822 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,585
Downpayment
20%
$77,700
Closing costs
1%
$3,885
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,660
Total Expenses
$3,822
Mortgage P&I
81%
$2,160
Property Taxes
9%
$250
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665