This property looks like a bad Airbnb investment with a projected -16.54% first-year return on $97,506 initial cash invested.
-16.54%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$2,503
Rent
-$1,344
Cashflow
Cash Flow
$2,503 income − $3,847 expenses = $1,344 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,503
Total Expenses
$3,847
Mortgage P&I
78%
$1,951
Property Taxes
22%
$555
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626