This property looks like a bad Airbnb investment with a projected -8.74% first-year return on $99,690 initial cash invested.
-8.74%
Cash On Cash
4.79%
Cap Rate
0.72
DSCR
$3,230
Rent
-$726
Cashflow
Cash Flow
$3,230 income − $3,956 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,230
Total Expenses
$3,956
Mortgage P&I
67%
$2,149
Property Taxes
4%
$121
Home Insurance
4%
$136
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$808