This property looks like a bad Airbnb investment with a projected -12.36% first-year return on $95,994 initial cash invested.
-12.36%
Cash On Cash
3.93%
Cap Rate
0.58
DSCR
$3,072
Rent
-$989
Cashflow
Cash Flow
$3,072 income − $4,061 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,994
Downpayment
20%
$74,280
Closing costs
1%
$3,714
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,072
Total Expenses
$4,061
Mortgage P&I
68%
$2,082
Property Taxes
12%
$375
Home Insurance
4%
$129
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768