This property looks like a bad Airbnb investment with a projected -6.03% first-year return on $95,700 initial cash invested.
-6.03%
Cash On Cash
5.1%
Cap Rate
0.82
DSCR
$3,652
Rent
-$481
Cashflow
Cash Flow
$3,652 income − $4,133 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,652
Total Expenses
$4,133
Mortgage P&I
52%
$1,907
Property Taxes
9%
$343
Home Insurance
4%
$130
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$913