This property looks like a bad Airbnb investment with a projected -18.72% first-year return on $98,934 initial cash invested.
-18.72%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$1,972
Rent
-$1,543
Cashflow
Cash Flow
$1,972 income − $3,515 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,934
Downpayment
20%
$77,080
Closing costs
1%
$3,854
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,972
Total Expenses
$3,515
Mortgage P&I
108%
$2,129
Property Taxes
15%
$303
Home Insurance
7%
$136
HOA
0%
$0
Property Management
15%
$296
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$493