This property looks like a bad Airbnb investment with a projected -18.17% first-year return on $97,800 initial cash invested.
-18.17%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$1,914
Rent
-$1,481
Cashflow
Cash Flow
$1,914 income − $3,395 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,914
Total Expenses
$3,395
Mortgage P&I
111%
$2,117
Property Taxes
11%
$201
Home Insurance
8%
$158
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$478