This property looks like a bad Airbnb investment with a projected -13.12% first-year return on $96,771 initial cash invested.
-13.12%
Cash On Cash
3.16%
Cap Rate
0.51
DSCR
$2,643
Rent
-$1,058
Cashflow
Cash Flow
$2,643 income − $3,701 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,771
Downpayment
20%
$75,020
Closing costs
1%
$3,751
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$3,701
Mortgage P&I
73%
$1,941
Property Taxes
12%
$327
Home Insurance
6%
$149
HOA
1%
$15
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$661