This property looks like a bad Airbnb investment with a projected -23.47% first-year return on $97,653 initial cash invested.
-23.47%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$1,279
Rent
-$1,910
Cashflow
Cash Flow
$1,279 income − $3,189 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,653
Downpayment
20%
$75,860
Closing costs
1%
$3,793
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,279
Total Expenses
$3,189
Mortgage P&I
163%
$2,082
Property Taxes
28%
$357
Home Insurance
11%
$136
HOA
0%
$0
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$320