This property looks like a bad Airbnb investment with a projected -18.46% first-year return on $98,829 initial cash invested.
-18.46%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$1,606
Rent
-$1,520
Cashflow
Cash Flow
$1,606 income − $3,126 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,606
Total Expenses
$3,126
Mortgage P&I
122%
$1,965
Property Taxes
16%
$255
Home Insurance
8%
$135
HOA
0%
$0
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$402