This property looks like a bad Airbnb investment with a projected -12.34% first-year return on $99,396 initial cash invested.
-12.34%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$2,917
Rent
-$1,022
Cashflow
Cash Flow
$2,917 income − $3,939 expenses = $1,022 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,396
Downpayment
20%
$77,520
Closing costs
1%
$3,876
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,917
Total Expenses
$3,939
Mortgage P&I
68%
$1,971
Property Taxes
12%
$348
Home Insurance
5%
$140
HOA
3%
$79
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$729