This property looks like a bad Airbnb investment with a projected -20.82% first-year return on $99,900 initial cash invested.
-20.82%
Cash On Cash
1.59%
Cap Rate
0.24
DSCR
$2,097
Rent
-$1,733
Cashflow
Cash Flow
$2,097 income − $3,830 expenses = $1,733 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,097
Total Expenses
$3,830
Mortgage P&I
103%
$2,166
Property Taxes
25%
$521
Home Insurance
6%
$136
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524