This property looks like a bad Airbnb investment with a projected -12.1% first-year return on $98,409 initial cash invested.
-12.1%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,783
Rent
-$992
Cashflow
Cash Flow
$2,783 income − $3,775 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,409
Downpayment
20%
$76,580
Closing costs
1%
$3,829
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,783
Total Expenses
$3,775
Mortgage P&I
77%
$2,135
Property Taxes
6%
$172
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696