This property looks like a bad Airbnb investment with a projected -18.64% first-year return on $98,325 initial cash invested.
-18.64%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$1,673
Rent
-$1,527
Cashflow
Cash Flow
$1,673 income − $3,200 expenses = $1,527 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,325
Downpayment
20%
$76,500
Closing costs
1%
$3,825
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,673
Total Expenses
$3,200
Mortgage P&I
119%
$1,989
Property Taxes
16%
$270
Home Insurance
8%
$138
HOA
0%
$0
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418