This property looks like a bad Airbnb investment with a projected -19.13% first-year return on $97,611 initial cash invested.
-19.13%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$1,844
Rent
-$1,556
Cashflow
Cash Flow
$1,844 income − $3,400 expenses = $1,556 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,611
Downpayment
20%
$75,820
Closing costs
1%
$3,791
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,844
Total Expenses
$3,400
Mortgage P&I
113%
$2,089
Property Taxes
16%
$290
Home Insurance
7%
$135
HOA
0%
$0
Property Management
15%
$277
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$461