This property looks like a bad Airbnb investment with a projected -22.46% first-year return on $98,031 initial cash invested.
-22.46%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$1,548
Rent
-$1,835
Cashflow
Cash Flow
$1,548 income − $3,383 expenses = $1,835 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,031
Downpayment
20%
$76,220
Closing costs
1%
$3,811
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,548
Total Expenses
$3,383
Mortgage P&I
126%
$1,955
Property Taxes
36%
$552
Home Insurance
9%
$133
HOA
0%
$0
Property Management
15%
$232
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$387