This property looks like a bad Airbnb investment with a projected -11.19% first-year return on $96,393 initial cash invested.
-11.19%
Cash On Cash
3.73%
Cap Rate
0.6
DSCR
$3,436
Rent
-$899
Cashflow
Cash Flow
$3,436 income − $4,335 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,393
Downpayment
20%
$74,660
Closing costs
1%
$3,733
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$4,335
Mortgage P&I
56%
$1,921
Property Taxes
18%
$633
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$859