This property looks like a bad Airbnb investment with a projected -9.97% first-year return on $101k initial cash invested.
-9.97%
Cash On Cash
3.95%
Cap Rate
0.64
DSCR
$2,922
Rent
-$843
Cashflow
Cash Flow
$2,922 income − $3,765 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,480
Closing costs
1%
$3,974
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,765
Mortgage P&I
70%
$2,035
Property Taxes
6%
$188
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730