This property looks like a bad Airbnb investment with a projected -5.05% first-year return on $98,073 initial cash invested.
-5.05%
Cash On Cash
5.25%
Cap Rate
0.86
DSCR
$3,690
Rent
-$413
Cashflow
Cash Flow
$3,690 income − $4,103 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,073
Downpayment
20%
$76,260
Closing costs
1%
$3,813
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,690
Total Expenses
$4,103
Mortgage P&I
52%
$1,933
Property Taxes
7%
$276
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$922