This property looks like a bad Airbnb investment with a projected -6.33% first-year return on $97,317 initial cash invested.
-6.33%
Cash On Cash
5.51%
Cap Rate
0.83
DSCR
$4,154
Rent
-$513
Cashflow
Cash Flow
$4,154 income − $4,667 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,317
Downpayment
20%
$75,540
Closing costs
1%
$3,777
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,154
Total Expenses
$4,667
Mortgage P&I
50%
$2,082
Property Taxes
11%
$456
Home Insurance
3%
$136
HOA
0%
$0
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,038