This property looks like a bad Airbnb investment with a projected -14.01% first-year return on $93,690 initial cash invested.
-14.01%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$2,407
Rent
-$1,094
Cashflow
Cash Flow
$2,407 income − $3,501 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
3%
$12,000
Cashflow
Total Income
$2,407
Total Expenses
$3,501
Mortgage P&I
88%
$2,107
Property Taxes
0%
$4
Home Insurance
6%
$136
HOA
4%
$99
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602