This property looks like a bad Airbnb investment with a projected -14.26% first-year return on $99,879 initial cash invested.
-14.26%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$2,310
Rent
-$1,187
Cashflow
Cash Flow
$2,310 income − $3,497 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,310
Total Expenses
$3,497
Mortgage P&I
93%
$2,156
Property Taxes
4%
$97
Home Insurance
6%
$136
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$578