This property looks like a bad Airbnb investment with a projected -13.28% first-year return on $96,246 initial cash invested.
-13.28%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$3,387
Rent
-$1,065
Cashflow
Cash Flow
$3,387 income − $4,452 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,246
Downpayment
20%
$74,520
Closing costs
1%
$3,726
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,387
Total Expenses
$4,452
Mortgage P&I
61%
$2,055
Property Taxes
17%
$591
Home Insurance
4%
$131
HOA
1%
$50
Property Management
15%
$508
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$847