This property looks like a bad Airbnb investment with a projected -17.14% first-year return on $96,414 initial cash invested.
-17.14%
Cash On Cash
2.59%
Cap Rate
0.39
DSCR
$2,802
Rent
-$1,377
Cashflow
Cash Flow
$2,802 income − $4,179 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,414
Downpayment
20%
$74,680
Closing costs
1%
$3,734
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$4,179
Mortgage P&I
74%
$2,072
Property Taxes
22%
$630
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700