This property looks like a bad Airbnb investment with a projected -18.96% first-year return on $99,291 initial cash invested.
-18.96%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$1,730
Rent
-$1,569
Cashflow
Cash Flow
$1,730 income − $3,299 expenses = $1,569 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,291
Downpayment
20%
$77,420
Closing costs
1%
$3,871
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,730
Total Expenses
$3,299
Mortgage P&I
115%
$1,985
Property Taxes
20%
$348
Home Insurance
8%
$136
HOA
0%
$0
Property Management
15%
$260
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$432