This property looks like a bad Airbnb investment with a projected -10.65% first-year return on $100k initial cash invested.
-10.65%
Cash On Cash
3.76%
Cap Rate
0.61
DSCR
$2,679
Rent
-$888
Cashflow
Cash Flow
$2,679 income − $3,567 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,180
Closing costs
1%
$3,909
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$3,567
Mortgage P&I
75%
$2,006
Property Taxes
5%
$135
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$670