This property looks like a bad Airbnb investment with a projected -9.9% first-year return on $97,653 initial cash invested.
-9.9%
Cash On Cash
4.46%
Cap Rate
0.67
DSCR
$2,989
Rent
-$806
Cashflow
Cash Flow
$2,989 income − $3,795 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,653
Downpayment
20%
$75,860
Closing costs
1%
$3,793
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,989
Total Expenses
$3,795
Mortgage P&I
70%
$2,097
Property Taxes
4%
$127
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$747