This property looks like a bad Airbnb investment with a projected -15.58% first-year return on $98,136 initial cash invested.
-15.58%
Cash On Cash
2.46%
Cap Rate
0.4
DSCR
$2,103
Rent
-$1,274
Cashflow
Cash Flow
$2,103 income − $3,377 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,136
Downpayment
20%
$76,320
Closing costs
1%
$3,816
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,103
Total Expenses
$3,377
Mortgage P&I
94%
$1,972
Property Taxes
12%
$260
Home Insurance
6%
$136
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526