This property looks like a bad Airbnb investment with a projected -10.08% first-year return on $101k initial cash invested.
-10.08%
Cash On Cash
3.78%
Cap Rate
0.63
DSCR
$2,841
Rent
-$845
Cashflow
Cash Flow
$2,841 income − $3,686 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,680
Closing costs
1%
$3,934
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,841
Total Expenses
$3,686
Mortgage P&I
69%
$1,970
Property Taxes
7%
$212
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$710