This property looks like a bad Airbnb investment with a projected -19.49% first-year return on $98,283 initial cash invested.
-19.49%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$2,056
Rent
-$1,596
Cashflow
Cash Flow
$2,056 income − $3,652 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,283
Downpayment
20%
$76,460
Closing costs
1%
$3,823
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,056
Total Expenses
$3,652
Mortgage P&I
95%
$1,954
Property Taxes
28%
$572
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514