This property looks like a bad Airbnb investment with a projected -29.65% first-year return on $99,900 initial cash invested.
-29.65%
Cash On Cash
-1.41%
Cap Rate
-0.23
DSCR
$0
Rent
-$2,468
Cashflow
Cash Flow
$0 income − $2,468 expenses = $2,468 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$0
Total Expenses
$2,468
Mortgage P&I
20100000%
$2,010
Property Taxes
3220000%
$322
Home Insurance
1360000%
$136
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0