This property looks like a bad Airbnb investment with a projected -9% first-year return on $96,687 initial cash invested.
-9%
Cash On Cash
4.34%
Cap Rate
0.69
DSCR
$3,144
Rent
-$725
Cashflow
Cash Flow
$3,144 income − $3,869 expenses = $725 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,144
Total Expenses
$3,869
Mortgage P&I
62%
$1,955
Property Taxes
9%
$271
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$786