This property looks like a bad Airbnb investment with a projected -8.93% first-year return on $96,750 initial cash invested.
-8.93%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$3,276
Rent
-$720
Cashflow
Cash Flow
$3,276 income − $3,996 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,276
Total Expenses
$3,996
Mortgage P&I
64%
$2,089
Property Taxes
6%
$204
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819