This property looks like a bad Airbnb investment with a projected -19.29% first-year return on $101k initial cash invested.
-19.29%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$2,250
Rent
-$1,616
Cashflow
Cash Flow
$2,250 income − $3,866 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,580
Closing costs
1%
$3,929
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,250
Total Expenses
$3,866
Mortgage P&I
89%
$2,002
Property Taxes
27%
$602
Home Insurance
6%
$140
HOA
2%
$42
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$562