This property looks like a bad Airbnb investment with a projected -15.25% first-year return on $97,674 initial cash invested.
-15.25%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,810
Rent
-$1,241
Cashflow
Cash Flow
$2,810 income − $4,051 expenses = $1,241 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$4,051
Mortgage P&I
75%
$2,112
Property Taxes
18%
$505
Home Insurance
3%
$86
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$702