This property looks like a bad Airbnb investment with a projected -12.34% first-year return on $99,606 initial cash invested.
-12.34%
Cash On Cash
3.39%
Cap Rate
0.54
DSCR
$2,701
Rent
-$1,024
Cashflow
Cash Flow
$2,701 income − $3,725 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,606
Downpayment
20%
$77,720
Closing costs
1%
$3,886
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,701
Total Expenses
$3,725
Mortgage P&I
75%
$2,013
Property Taxes
10%
$276
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$675