This property looks like a bad Airbnb investment with a projected -19.54% first-year return on $99,249 initial cash invested.
-19.54%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$1,824
Rent
-$1,616
Cashflow
Cash Flow
$1,824 income − $3,440 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,249
Downpayment
20%
$77,380
Closing costs
1%
$3,869
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,824
Total Expenses
$3,440
Mortgage P&I
112%
$2,042
Property Taxes
8%
$140
Home Insurance
21%
$382
HOA
0%
$0
Property Management
15%
$274
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$456