This property looks like a bad Airbnb investment with a projected -10.98% first-year return on $96,582 initial cash invested.
-10.98%
Cash On Cash
3.88%
Cap Rate
0.61
DSCR
$2,907
Rent
-$884
Cashflow
Cash Flow
$2,907 income − $3,791 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$3,791
Mortgage P&I
68%
$1,977
Property Taxes
10%
$286
Home Insurance
5%
$133
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$727