This property looks like a bad Airbnb investment with a projected -17.04% first-year return on $97,485 initial cash invested.
-17.04%
Cash On Cash
2.04%
Cap Rate
0.33
DSCR
$1,833
Rent
-$1,384
Cashflow
Cash Flow
$1,833 income − $3,217 expenses = $1,384 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,485
Downpayment
20%
$75,700
Closing costs
1%
$3,785
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,833
Total Expenses
$3,217
Mortgage P&I
107%
$1,954
Property Taxes
13%
$244
Home Insurance
8%
$140
HOA
0%
$0
Property Management
15%
$275
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$458