This property looks like a bad Airbnb investment with a projected -20.47% first-year return on $96,204 initial cash invested.
-20.47%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$1,904
Rent
-$1,641
Cashflow
Cash Flow
$1,904 income − $3,545 expenses = $1,641 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,204
Downpayment
20%
$74,480
Closing costs
1%
$3,724
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,904
Total Expenses
$3,545
Mortgage P&I
102%
$1,934
Property Taxes
30%
$564
Home Insurance
7%
$133
HOA
0%
$0
Property Management
15%
$286
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$476