This property looks like a bad Airbnb investment with a projected -19.8% first-year return on $99,879 initial cash invested.
-19.8%
Cash On Cash
1.53%
Cap Rate
0.24
DSCR
$1,224
Rent
-$1,648
Cashflow
Cash Flow
$1,224 income − $2,872 expenses = $1,648 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,224
Total Expenses
$2,872
Mortgage P&I
171%
$2,095
Property Taxes
4%
$53
Home Insurance
11%
$136
HOA
0%
$0
Property Management
15%
$184
CapEx
4%
$49
Vacancy
0%
$0
Maintenance
4%
$49
Other
25%
$306