This property looks like a bad Airbnb investment with a projected -11.98% first-year return on $99,879 initial cash invested.
-11.98%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$2,802
Rent
-$997
Cashflow
Cash Flow
$2,802 income − $3,799 expenses = $997 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$3,799
Mortgage P&I
76%
$2,136
Property Taxes
6%
$158
Home Insurance
5%
$136
HOA
1%
$25
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700