This property looks like a bad Airbnb investment with a projected -14.93% first-year return on $99,879 initial cash invested.
-14.93%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,233
Rent
-$1,243
Cashflow
Cash Flow
$2,233 income − $3,476 expenses = $1,243 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,233
Total Expenses
$3,476
Mortgage P&I
96%
$2,135
Property Taxes
6%
$134
Home Insurance
6%
$136
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558