This property looks like a bad Airbnb investment with a projected -18.95% first-year return on $95,700 initial cash invested.
-18.95%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$1,819
Rent
-$1,511
Cashflow
Cash Flow
$1,819 income − $3,330 expenses = $1,511 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,819
Total Expenses
$3,330
Mortgage P&I
110%
$1,999
Property Taxes
18%
$327
Home Insurance
7%
$130
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455