This property looks like a bad Airbnb investment with a projected -5.33% first-year return on $99,375 initial cash invested.
-5.33%
Cash On Cash
5.21%
Cap Rate
0.86
DSCR
$3,893
Rent
-$441
Cashflow
Cash Flow
$3,893 income − $4,334 expenses = $441 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
$3,893
Total Expenses
$4,334
Mortgage P&I
51%
$1,968
Property Taxes
9%
$361
Home Insurance
3%
$136
HOA
0%
$0
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$973