This property looks like a bad Airbnb investment with a projected -14.17% first-year return on $99,081 initial cash invested.
-14.17%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$2,483
Rent
-$1,170
Cashflow
Cash Flow
$2,483 income − $3,653 expenses = $1,170 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,081
Downpayment
20%
$77,220
Closing costs
1%
$3,861
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,483
Total Expenses
$3,653
Mortgage P&I
84%
$2,088
Property Taxes
9%
$234
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$621