This property looks like a bad Airbnb investment with a projected -16.45% first-year return on $98,703 initial cash invested.
-16.45%
Cash On Cash
2.85%
Cap Rate
0.42
DSCR
$2,378
Rent
-$1,353
Cashflow
Cash Flow
$2,378 income − $3,731 expenses = $1,353 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,378
Total Expenses
$3,731
Mortgage P&I
91%
$2,172
Property Taxes
6%
$132
Home Insurance
5%
$130
HOA
7%
$156
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$594