This property looks like a bad Airbnb investment with a projected -15.53% first-year return on $100k initial cash invested.
-15.53%
Cash On Cash
2.48%
Cap Rate
0.4
DSCR
$2,388
Rent
-$1,298
Cashflow
Cash Flow
$2,388 income − $3,686 expenses = $1,298 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,380
Closing costs
1%
$3,919
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,388
Total Expenses
$3,686
Mortgage P&I
84%
$2,011
Property Taxes
16%
$385
Home Insurance
6%
$143
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$597