This property looks like a bad Airbnb investment with a projected -31.53% first-year return on $100k initial cash invested.
-31.53%
Cash On Cash
-1.58%
Cap Rate
-0.24
DSCR
$0
Rent
-$2,636
Cashflow
Cash Flow
$0 income − $2,636 expenses = $2,636 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,400
Closing costs
1%
$3,920
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$0
Total Expenses
$2,636
Mortgage P&I
21200000%
$2,120
Property Taxes
3760000%
$376
Home Insurance
1400000%
$140
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0