This property looks like a bad Airbnb investment with a projected -17.39% first-year return on $101k initial cash invested.
-17.39%
Cash On Cash
1.98%
Cap Rate
0.32
DSCR
$2,346
Rent
-$1,468
Cashflow
Cash Flow
$2,346 income − $3,814 expenses = $1,468 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,360
Closing costs
1%
$3,968
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,346
Total Expenses
$3,814
Mortgage P&I
86%
$2,028
Property Taxes
22%
$520
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$352
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586