This property looks like a bad Airbnb investment with a projected -20.87% first-year return on $95,658 initial cash invested.
-20.87%
Cash On Cash
0.85%
Cap Rate
0.14
DSCR
$1,308
Rent
-$1,664
Cashflow
Cash Flow
$1,308 income − $2,972 expenses = $1,664 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,658
Downpayment
20%
$73,960
Closing costs
1%
$3,698
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,308
Total Expenses
$2,972
Mortgage P&I
143%
$1,875
Property Taxes
26%
$334
Home Insurance
10%
$136
HOA
0%
$0
Property Management
15%
$196
CapEx
4%
$52
Vacancy
0%
$0
Maintenance
4%
$52
Other
25%
$327