This property looks like a bad Airbnb investment with a projected -12.63% first-year return on $99,375 initial cash invested.
-12.63%
Cash On Cash
3.2%
Cap Rate
0.53
DSCR
$2,997
Rent
-$1,046
Cashflow
Cash Flow
$2,997 income − $4,043 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,375
Downpayment
20%
$77,500
Closing costs
1%
$3,875
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$4,043
Mortgage P&I
65%
$1,959
Property Taxes
17%
$509
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$749