This property looks like a bad Airbnb investment with a projected -24.55% first-year return on $96,750 initial cash invested.
-24.55%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$1,177
Rent
-$1,979
Cashflow
Cash Flow
$1,177 income − $3,156 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,177
Total Expenses
$3,156
Mortgage P&I
176%
$2,074
Property Taxes
33%
$386
Home Insurance
11%
$131
HOA
0%
$0
Property Management
15%
$177
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$294