This property looks like a bad Airbnb investment with a projected -5.28% first-year return on $101k initial cash invested.
-5.28%
Cash On Cash
5.24%
Cap Rate
0.85
DSCR
$3,574
Rent
-$444
Cashflow
Cash Flow
$3,574 income − $4,018 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,574
Total Expenses
$4,018
Mortgage P&I
57%
$2,026
Property Taxes
4%
$138
Home Insurance
4%
$138
HOA
0%
$0
Property Management
15%
$536
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$894