This property looks like a bad Airbnb investment with a projected -9.01% first-year return on $99,249 initial cash invested.
-9.01%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$3,494
Rent
-$745
Cashflow
Cash Flow
$3,494 income − $4,239 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,249
Downpayment
20%
$77,380
Closing costs
1%
$3,869
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$4,239
Mortgage P&I
60%
$2,111
Property Taxes
9%
$297
Home Insurance
4%
$142
HOA
0%
$11
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$874