This property looks like a bad Airbnb investment with a projected -14.13% first-year return on $97,590 initial cash invested.
-14.13%
Cash On Cash
2.94%
Cap Rate
0.47
DSCR
$2,634
Rent
-$1,149
Cashflow
Cash Flow
$2,634 income − $3,783 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,634
Total Expenses
$3,783
Mortgage P&I
75%
$1,971
Property Taxes
16%
$416
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658