This property looks like a bad Airbnb investment with a projected -19.26% first-year return on $99,879 initial cash invested.
-19.26%
Cash On Cash
1.39%
Cap Rate
0.22
DSCR
$1,141
Rent
-$1,603
Cashflow
Cash Flow
$1,141 income − $2,744 expenses = $1,603 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,141
Total Expenses
$2,744
Mortgage P&I
176%
$2,009
Property Taxes
4%
$51
Home Insurance
12%
$136
HOA
0%
$0
Property Management
15%
$171
CapEx
4%
$46
Vacancy
0%
$0
Maintenance
4%
$46
Other
25%
$285