This property looks like a bad Airbnb investment with a projected -8.77% first-year return on $96,141 initial cash invested.
-8.77%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$3,260
Rent
-$703
Cashflow
Cash Flow
$3,260 income − $3,963 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,141
Downpayment
20%
$74,420
Closing costs
1%
$3,721
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,260
Total Expenses
$3,963
Mortgage P&I
62%
$2,037
Property Taxes
7%
$230
Home Insurance
4%
$132
HOA
0%
$0
Property Management
15%
$489
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$815