This property looks like a bad Airbnb investment with a projected -15.05% first-year return on $100k initial cash invested.
-15.05%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,431
Rent
-$1,257
Cashflow
Cash Flow
$2,431 income − $3,688 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,280
Closing costs
1%
$3,914
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,431
Total Expenses
$3,688
Mortgage P&I
88%
$2,146
Property Taxes
10%
$237
Home Insurance
6%
$138
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$608