This property looks like a bad Airbnb investment with a projected -12.93% first-year return on $101k initial cash invested.
-12.93%
Cash On Cash
3.04%
Cap Rate
0.51
DSCR
$3,069
Rent
-$1,084
Cashflow
Cash Flow
$3,069 income − $4,153 expenses = $1,084 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,640
Closing costs
1%
$3,932
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$4,153
Mortgage P&I
64%
$1,957
Property Taxes
19%
$583
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$767