This property looks like a bad Airbnb investment with a projected -14.94% first-year return on $99,039 initial cash invested.
-14.94%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$2,340
Rent
-$1,233
Cashflow
Cash Flow
$2,340 income − $3,573 expenses = $1,233 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,039
Downpayment
20%
$77,180
Closing costs
1%
$3,859
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,340
Total Expenses
$3,573
Mortgage P&I
84%
$1,956
Property Taxes
15%
$357
Home Insurance
6%
$136
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$585