This property looks like a bad Airbnb investment with a projected -16.59% first-year return on $99,795 initial cash invested.
-16.59%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$1,964
Rent
-$1,380
Cashflow
Cash Flow
$1,964 income − $3,344 expenses = $1,380 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,795
Downpayment
20%
$77,900
Closing costs
1%
$3,895
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,964
Total Expenses
$3,344
Mortgage P&I
101%
$1,975
Property Taxes
15%
$285
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$295
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$491