This property looks like a bad Airbnb investment with a projected -13.39% first-year return on $100k initial cash invested.
-13.39%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,404
Rent
-$1,118
Cashflow
Cash Flow
$2,404 income − $3,522 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,280
Closing costs
1%
$3,914
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,404
Total Expenses
$3,522
Mortgage P&I
83%
$2,002
Property Taxes
8%
$203
Home Insurance
6%
$138
HOA
1%
$25
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601