This property looks like a bad Airbnb investment with a projected -23.33% first-year return on $100k initial cash invested.
-23.33%
Cash On Cash
0.31%
Cap Rate
0.05
DSCR
$1,360
Rent
-$1,954
Cashflow
Cash Flow
$1,360 income − $3,314 expenses = $1,954 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,560
Closing costs
1%
$3,928
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,360
Total Expenses
$3,314
Mortgage P&I
147%
$2,003
Property Taxes
38%
$523
Home Insurance
10%
$136
HOA
0%
$0
Property Management
15%
$204
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$340