This property looks like a bad Airbnb investment with a projected -23.96% first-year return on $99,081 initial cash invested.
-23.96%
Cash On Cash
0.64%
Cap Rate
0.1
DSCR
$822
Rent
-$1,978
Cashflow
Cash Flow
$822 income − $2,800 expenses = $1,978 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,081
Downpayment
20%
$77,220
Closing costs
1%
$3,861
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$822
Total Expenses
$2,800
Mortgage P&I
262%
$2,151
Property Taxes
14%
$116
Home Insurance
17%
$138
HOA
0%
$0
Property Management
15%
$123
CapEx
4%
$33
Vacancy
0%
$0
Maintenance
4%
$33
Other
25%
$206