This property looks like a bad Airbnb investment with a projected -12.22% first-year return on $100k initial cash invested.
-12.22%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$3,362
Rent
-$1,023
Cashflow
Cash Flow
$3,362 income − $4,385 expenses = $1,023 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,500
Closing costs
1%
$3,925
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,362
Total Expenses
$4,385
Mortgage P&I
60%
$2,027
Property Taxes
17%
$587
Home Insurance
4%
$140
HOA
1%
$19
Property Management
15%
$504
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$840