This property looks like a bad Airbnb investment with a projected -7.49% first-year return on $96,603 initial cash invested.
-7.49%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$3,190
Rent
-$603
Cashflow
Cash Flow
$3,190 income − $3,793 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,603
Downpayment
20%
$74,860
Closing costs
1%
$3,743
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,190
Total Expenses
$3,793
Mortgage P&I
65%
$2,064
Property Taxes
2%
$54
Home Insurance
4%
$135
HOA
0%
$8
Property Management
15%
$478
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$798