This property looks like a bad Airbnb investment with a projected -17.66% first-year return on $96,351 initial cash invested.
-17.66%
Cash On Cash
2.49%
Cap Rate
0.37
DSCR
$2,639
Rent
-$1,418
Cashflow
Cash Flow
$2,639 income − $4,057 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,351
Downpayment
20%
$74,620
Closing costs
1%
$3,731
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,639
Total Expenses
$4,057
Mortgage P&I
79%
$2,087
Property Taxes
21%
$560
Home Insurance
5%
$133
HOA
0%
$9
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660