This property looks like a bad Airbnb investment with a projected -22.66% first-year return on $97,800 initial cash invested.
-22.66%
Cash On Cash
0.34%
Cap Rate
0.06
DSCR
$519
Rent
-$1,847
Cashflow
Cash Flow
$519 income − $2,366 expenses = $1,847 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.6%
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
$519
Total Expenses
$2,366
Mortgage P&I
373%
$1,934
Property Taxes
9%
$49
Home Insurance
26%
$133
HOA
0%
$0
Property Management
15%
$78
CapEx
4%
$21
Vacancy
0%
$0
Maintenance
4%
$21
Other
25%
$130