This property looks like a bad Airbnb investment with a projected -14.68% first-year return on $100k initial cash invested.
-14.68%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$1,788
Rent
-$1,224
Cashflow
Cash Flow
$1,788 income − $3,012 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,140
Closing costs
1%
$3,907
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,788
Total Expenses
$3,012
Mortgage P&I
111%
$1,992
Property Taxes
1%
$21
Home Insurance
8%
$140
HOA
0%
$0
Property Management
15%
$268
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$447