This property looks like a bad Airbnb investment with a projected -17.75% first-year return on $100k initial cash invested.
-17.75%
Cash On Cash
1.85%
Cap Rate
0.3
DSCR
$1,935
Rent
-$1,480
Cashflow
Cash Flow
$1,935 income − $3,415 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,160
Closing costs
1%
$3,908
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,935
Total Expenses
$3,415
Mortgage P&I
104%
$2,006
Property Taxes
18%
$341
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$484