This property looks like a bad Airbnb investment with a projected -16.06% first-year return on $98,031 initial cash invested.
-16.06%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,548
Rent
-$1,312
Cashflow
Cash Flow
$2,548 income − $3,860 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,031
Downpayment
20%
$76,220
Closing costs
1%
$3,811
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,548
Total Expenses
$3,860
Mortgage P&I
77%
$1,950
Property Taxes
22%
$552
Home Insurance
5%
$135
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$637