This property looks like a bad Airbnb investment with a projected -19.68% first-year return on $100k initial cash invested.
-19.68%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$1,490
Rent
-$1,646
Cashflow
Cash Flow
$1,490 income − $3,136 expenses = $1,646 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,460
Closing costs
1%
$3,923
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,490
Total Expenses
$3,136
Mortgage P&I
135%
$2,013
Property Taxes
18%
$267
Home Insurance
9%
$140
HOA
0%
$0
Property Management
15%
$224
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$372