This property looks like a bad Airbnb investment with a projected -17.88% first-year return on $97,968 initial cash invested.
-17.88%
Cash On Cash
2.41%
Cap Rate
0.36
DSCR
$2,795
Rent
-$1,460
Cashflow
Cash Flow
$2,795 income − $4,255 expenses = $1,460 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,968
Downpayment
20%
$76,160
Closing costs
1%
$3,808
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,795
Total Expenses
$4,255
Mortgage P&I
76%
$2,113
Property Taxes
24%
$664
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$699