This property looks like a bad Airbnb investment with a projected -21.44% first-year return on $101k initial cash invested.
-21.44%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$1,643
Rent
-$1,798
Cashflow
Cash Flow
$1,643 income − $3,441 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,680
Closing costs
1%
$3,934
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,643
Total Expenses
$3,441
Mortgage P&I
132%
$2,170
Property Taxes
21%
$351
Home Insurance
8%
$131
HOA
0%
$0
Property Management
15%
$246
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$411