This property looks like a bad Airbnb investment with a projected -7.69% first-year return on $98,430 initial cash invested.
-7.69%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$3,400
Rent
-$631
Cashflow
Cash Flow
$3,400 income − $4,031 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,430
Downpayment
20%
$76,600
Closing costs
1%
$3,830
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,400
Total Expenses
$4,031
Mortgage P&I
58%
$1,964
Property Taxes
9%
$295
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$850