This property looks like a bad Airbnb investment with a projected -14.57% first-year return on $96,330 initial cash invested.
-14.57%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$2,227
Rent
-$1,170
Cashflow
Cash Flow
$2,227 income − $3,397 expenses = $1,170 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,227
Total Expenses
$3,397
Mortgage P&I
90%
$2,002
Property Taxes
8%
$188
Home Insurance
6%
$138
HOA
0%
$0
Property Management
15%
$334
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$557