This property looks like a bad Airbnb investment with a projected -14.18% first-year return on $101k initial cash invested.
-14.18%
Cash On Cash
3.56%
Cap Rate
0.52
DSCR
$2,734
Rent
-$1,189
Cashflow
Cash Flow
$2,734 income − $3,923 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,700
Closing costs
1%
$3,935
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,734
Total Expenses
$3,923
Mortgage P&I
82%
$2,246
Property Taxes
5%
$132
Home Insurance
5%
$140
HOA
3%
$93
Property Management
15%
$410
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$684