This property looks like a bad Airbnb investment with a projected -12.94% first-year return on $98,514 initial cash invested.
-12.94%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$2,778
Rent
-$1,062
Cashflow
Cash Flow
$2,778 income − $3,840 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,514
Downpayment
20%
$76,680
Closing costs
1%
$3,834
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$3,840
Mortgage P&I
70%
$1,958
Property Taxes
15%
$409
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694