This property looks like a bad Airbnb investment with a projected -11.18% first-year return on $98,115 initial cash invested.
-11.18%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,713
Rent
-$914
Cashflow
Cash Flow
$2,713 income − $3,627 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,115
Downpayment
20%
$76,300
Closing costs
1%
$3,815
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,713
Total Expenses
$3,627
Mortgage P&I
77%
$2,088
Property Taxes
4%
$100
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$678