This property looks like a bad Airbnb investment with a projected -11.06% first-year return on $98,934 initial cash invested.
-11.06%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$2,556
Rent
-$912
Cashflow
Cash Flow
$2,556 income − $3,468 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,934
Downpayment
20%
$77,080
Closing costs
1%
$3,854
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,556
Total Expenses
$3,468
Mortgage P&I
77%
$1,978
Property Taxes
5%
$128
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$639