This property looks like a bad Airbnb investment with a projected -16% first-year return on $100k initial cash invested.
-16%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$2,124
Rent
-$1,339
Cashflow
Cash Flow
$2,124 income − $3,463 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,520
Closing costs
1%
$3,926
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,124
Total Expenses
$3,463
Mortgage P&I
102%
$2,169
Property Taxes
6%
$129
Home Insurance
7%
$145
HOA
0%
$0
Property Management
15%
$319
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$531