This property looks like a bad Airbnb investment with a projected -15.2% first-year return on $96,309 initial cash invested.
-15.2%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$2,301
Rent
-$1,220
Cashflow
Cash Flow
$2,301 income − $3,521 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,301
Total Expenses
$3,521
Mortgage P&I
89%
$2,042
Property Taxes
11%
$242
Home Insurance
6%
$133
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$575