This property looks like a bad Airbnb investment with a projected -13.47% first-year return on $96,414 initial cash invested.
-13.47%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,333
Rent
-$1,082
Cashflow
Cash Flow
$2,333 income − $3,415 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,414
Downpayment
20%
$74,680
Closing costs
1%
$3,734
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,333
Total Expenses
$3,415
Mortgage P&I
81%
$1,896
Property Taxes
11%
$258
Home Insurance
6%
$142
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583