This property looks like a bad Airbnb investment with a projected -10.71% first-year return on $99,165 initial cash invested.
-10.71%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$2,704
Rent
-$885
Cashflow
Cash Flow
$2,704 income − $3,589 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,165
Downpayment
20%
$77,300
Closing costs
1%
$3,865
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$3,589
Mortgage P&I
77%
$2,094
Property Taxes
2%
$50
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676