This property looks like a bad Airbnb investment with a projected -7.88% first-year return on $98,850 initial cash invested.
-7.88%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$3,037
Rent
-$649
Cashflow
Cash Flow
$3,037 income − $3,686 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,037
Total Expenses
$3,686
Mortgage P&I
66%
$2,004
Property Taxes
3%
$90
Home Insurance
4%
$135
HOA
0%
$0
Property Management
15%
$456
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$759