This property looks like a bad Airbnb investment with a projected -12.94% first-year return on $101k initial cash invested.
-12.94%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$2,817
Rent
-$1,086
Cashflow
Cash Flow
$2,817 income − $3,903 expenses = $1,086 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,817
Total Expenses
$3,903
Mortgage P&I
76%
$2,141
Property Taxes
10%
$295
Home Insurance
4%
$114
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704