This property looks like a bad Airbnb investment with a projected -19.44% first-year return on $99,060 initial cash invested.
-19.44%
Cash On Cash
1.72%
Cap Rate
0.27
DSCR
$1,837
Rent
-$1,605
Cashflow
Cash Flow
$1,837 income − $3,442 expenses = $1,605 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,837
Total Expenses
$3,442
Mortgage P&I
114%
$2,085
Property Taxes
19%
$341
Home Insurance
7%
$135
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$459