This property looks like a bad Airbnb investment with a projected -9.65% first-year return on $96,750 initial cash invested.
-9.65%
Cash On Cash
4.2%
Cap Rate
0.67
DSCR
$3,162
Rent
-$778
Cashflow
Cash Flow
$3,162 income − $3,940 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,162
Total Expenses
$3,940
Mortgage P&I
62%
$1,966
Property Taxes
10%
$327
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$790