This property looks like a bad Airbnb investment with a projected -9.51% first-year return on $101k initial cash invested.
-9.51%
Cash On Cash
4.04%
Cap Rate
0.67
DSCR
$3,500
Rent
-$800
Cashflow
Cash Flow
$3,500 income − $4,300 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$4,300
Mortgage P&I
57%
$1,990
Property Taxes
12%
$425
Home Insurance
4%
$138
HOA
2%
$67
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$875