This property looks like a bad Airbnb investment with a projected -11.47% first-year return on $101k initial cash invested.
-11.47%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$2,506
Rent
-$965
Cashflow
Cash Flow
$2,506 income − $3,471 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$3,471
Mortgage P&I
81%
$2,023
Property Taxes
4%
$108
Home Insurance
6%
$138
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626