This property looks like a bad Airbnb investment with a projected -8.15% first-year return on $98,094 initial cash invested.
-8.15%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$3,030
Rent
-$666
Cashflow
Cash Flow
$3,030 income − $3,696 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,094
Downpayment
20%
$76,280
Closing costs
1%
$3,814
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,696
Mortgage P&I
64%
$1,954
Property Taxes
5%
$153
Home Insurance
4%
$135
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758