This property looks like a bad Airbnb investment with a projected -7.11% first-year return on $97,107 initial cash invested.
-7.11%
Cash On Cash
4.67%
Cap Rate
0.77
DSCR
$3,676
Rent
-$575
Cashflow
Cash Flow
$3,676 income − $4,251 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,107
Downpayment
20%
$75,340
Closing costs
1%
$3,767
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$4,251
Mortgage P&I
52%
$1,895
Property Taxes
12%
$456
Home Insurance
4%
$136
HOA
0%
$0
Property Management
15%
$551
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$919