This property looks like a bad Airbnb investment with a projected -10.91% first-year return on $98,913 initial cash invested.
-10.91%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$3,138
Rent
-$899
Cashflow
Cash Flow
$3,138 income − $4,037 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,913
Downpayment
20%
$77,060
Closing costs
1%
$3,853
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,138
Total Expenses
$4,037
Mortgage P&I
68%
$2,135
Property Taxes
8%
$257
Home Insurance
4%
$138
HOA
0%
$0
Property Management
15%
$471
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$784