This property looks like a bad Airbnb investment with a projected -4.21% first-year return on $97,947 initial cash invested.
-4.21%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$3,687
Rent
-$344
Cashflow
Cash Flow
$3,687 income − $4,031 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,947
Downpayment
20%
$76,140
Closing costs
1%
$3,807
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,687
Total Expenses
$4,031
Mortgage P&I
52%
$1,934
Property Taxes
5%
$175
Home Insurance
4%
$140
HOA
0%
$13
Property Management
15%
$553
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$922