This property looks like a bad Airbnb investment with a projected -13.33% first-year return on $98,388 initial cash invested.
-13.33%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$2,444
Rent
-$1,093
Cashflow
Cash Flow
$2,444 income − $3,537 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,388
Downpayment
20%
$76,560
Closing costs
1%
$3,828
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,444
Total Expenses
$3,537
Mortgage P&I
87%
$2,123
Property Taxes
4%
$93
Home Insurance
6%
$147
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$611