This property looks like a bad Airbnb investment with a projected -11.92% first-year return on $96,750 initial cash invested.
-11.92%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$3,127
Rent
-$961
Cashflow
Cash Flow
$3,127 income − $4,088 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,127
Total Expenses
$4,088
Mortgage P&I
65%
$2,031
Property Taxes
5%
$167
Home Insurance
4%
$131
HOA
8%
$258
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782