This property looks like a bad Airbnb investment with a projected -13.18% first-year return on $99,900 initial cash invested.
-13.18%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$3,207
Rent
-$1,097
Cashflow
Cash Flow
$3,207 income − $4,304 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,207
Total Expenses
$4,304
Mortgage P&I
62%
$2,000
Property Taxes
20%
$634
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$481
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$802