This property looks like a bad Airbnb investment with a projected -9.76% first-year return on $99,879 initial cash invested.
-9.76%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$3,651
Rent
-$812
Cashflow
Cash Flow
$3,651 income − $4,463 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,651
Total Expenses
$4,463
Mortgage P&I
55%
$2,009
Property Taxes
15%
$565
Home Insurance
4%
$136
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$913