This property looks like a bad Airbnb investment with a projected -7.41% first-year return on $95,826 initial cash invested.
-7.41%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$3,474
Rent
-$592
Cashflow
Cash Flow
$3,474 income − $4,066 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,826
Downpayment
20%
$74,120
Closing costs
1%
$3,706
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,474
Total Expenses
$4,066
Mortgage P&I
59%
$2,042
Property Taxes
7%
$226
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$521
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$868