This property looks like a bad Airbnb investment with a projected -22.36% first-year return on $96,666 initial cash invested.
-22.36%
Cash On Cash
0.53%
Cap Rate
0.09
DSCR
$1,393
Rent
-$1,801
Cashflow
Cash Flow
$1,393 income − $3,194 expenses = $1,801 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,666
Downpayment
20%
$74,920
Closing costs
1%
$3,746
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,393
Total Expenses
$3,194
Mortgage P&I
137%
$1,911
Property Taxes
35%
$483
Home Insurance
9%
$131
HOA
0%
$0
Property Management
15%
$209
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$348