This property looks like a bad Airbnb investment with a projected -5.97% first-year return on $101k initial cash invested.
-5.97%
Cash On Cash
5.1%
Cap Rate
0.82
DSCR
$3,580
Rent
-$502
Cashflow
Cash Flow
$3,580 income − $4,082 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,580
Total Expenses
$4,082
Mortgage P&I
57%
$2,038
Property Taxes
5%
$188
Home Insurance
4%
$138
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$895