This property looks like a bad Airbnb investment with a projected -12.02% first-year return on $96,540 initial cash invested.
-12.02%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$3,018
Rent
-$967
Cashflow
Cash Flow
$3,018 income − $3,985 expenses = $967 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
$3,018
Total Expenses
$3,985
Mortgage P&I
64%
$1,932
Property Taxes
15%
$452
Home Insurance
4%
$131
HOA
1%
$21
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754