This property looks like a bad Airbnb investment with a projected -19.36% first-year return on $98,850 initial cash invested.
-19.36%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$1,838
Rent
-$1,595
Cashflow
Cash Flow
$1,838 income − $3,433 expenses = $1,595 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,838
Total Expenses
$3,433
Mortgage P&I
113%
$2,084
Property Taxes
18%
$330
Home Insurance
7%
$135
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460