This property looks like a bad Airbnb investment with a projected -10.91% first-year return on $96,540 initial cash invested.
-10.91%
Cash On Cash
3.7%
Cap Rate
0.6
DSCR
$2,599
Rent
-$878
Cashflow
Cash Flow
$2,599 income − $3,477 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,540
Downpayment
20%
$74,800
Closing costs
1%
$3,740
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,599
Total Expenses
$3,477
Mortgage P&I
74%
$1,926
Property Taxes
6%
$167
Home Insurance
5%
$136
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$650