This property looks like a bad Airbnb investment with a projected -19.8% first-year return on $95,931 initial cash invested.
-19.8%
Cash On Cash
1.32%
Cap Rate
0.21
DSCR
$1,957
Rent
-$1,583
Cashflow
Cash Flow
$1,957 income − $3,540 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,931
Downpayment
20%
$74,220
Closing costs
1%
$3,711
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,957
Total Expenses
$3,540
Mortgage P&I
98%
$1,912
Property Taxes
29%
$559
Home Insurance
7%
$130
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$489