This property looks like a bad Airbnb investment with a projected -9.05% first-year return on $99,396 initial cash invested.
-9.05%
Cash On Cash
4.66%
Cap Rate
0.72
DSCR
$3,848
Rent
-$750
Cashflow
Cash Flow
$3,848 income − $4,598 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,396
Downpayment
20%
$77,520
Closing costs
1%
$3,876
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,848
Total Expenses
$4,598
Mortgage P&I
55%
$2,102
Property Taxes
12%
$457
Home Insurance
5%
$184
HOA
0%
$8
Property Management
15%
$577
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962