This property looks like a bad Airbnb investment with a projected -18.98% first-year return on $95,175 initial cash invested.
-18.98%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$1,725
Rent
-$1,505
Cashflow
Cash Flow
$1,725 income − $3,230 expenses = $1,505 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,725
Total Expenses
$3,230
Mortgage P&I
110%
$1,895
Property Taxes
22%
$374
Home Insurance
8%
$133
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$431