This property looks like a bad Airbnb investment with a projected -8.9% first-year return on $101k initial cash invested.
-8.9%
Cash On Cash
4.31%
Cap Rate
0.7
DSCR
$3,400
Rent
-$749
Cashflow
Cash Flow
$3,400 income − $4,149 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,040
Closing costs
1%
$3,952
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,400
Total Expenses
$4,149
Mortgage P&I
60%
$2,034
Property Taxes
10%
$343
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$850