This property looks like a bad Airbnb investment with a projected -4.29% first-year return on $100k initial cash invested.
-4.29%
Cash On Cash
5.65%
Cap Rate
0.91
DSCR
$4,156
Rent
-$359
Cashflow
Cash Flow
$4,156 income − $4,515 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,540
Closing costs
1%
$3,927
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$4,515
Mortgage P&I
49%
$2,042
Property Taxes
6%
$244
Home Insurance
3%
$140
HOA
2%
$95
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,039