This property looks like a bad Airbnb investment with a projected -12.91% first-year return on $97,779 initial cash invested.
-12.91%
Cash On Cash
3.18%
Cap Rate
0.51
DSCR
$2,315
Rent
-$1,052
Cashflow
Cash Flow
$2,315 income − $3,367 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,315
Total Expenses
$3,367
Mortgage P&I
85%
$1,966
Property Taxes
7%
$156
Home Insurance
6%
$133
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$579