This property looks like a bad Airbnb investment with a projected -11.95% first-year return on $100k initial cash invested.
-11.95%
Cash On Cash
3.31%
Cap Rate
0.54
DSCR
$2,267
Rent
-$1,000
Cashflow
Cash Flow
$2,267 income − $3,267 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,520
Closing costs
1%
$3,926
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,267
Total Expenses
$3,267
Mortgage P&I
88%
$1,992
Property Taxes
2%
$34
Home Insurance
6%
$142
HOA
0%
$10
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$567