This property looks like a bad Airbnb investment with a projected -8.82% first-year return on $97,821 initial cash invested.
-8.82%
Cash On Cash
4.29%
Cap Rate
0.69
DSCR
$2,972
Rent
-$719
Cashflow
Cash Flow
$2,972 income − $3,691 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,972
Total Expenses
$3,691
Mortgage P&I
66%
$1,959
Property Taxes
6%
$165
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$743