This property looks like a bad Airbnb investment with a projected -12.08% first-year return on $95,994 initial cash invested.
-12.08%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$2,899
Rent
-$966
Cashflow
Cash Flow
$2,899 income − $3,865 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,899
Total Expenses
$3,865
Mortgage P&I
65%
$1,894
Property Taxes
15%
$449
Home Insurance
4%
$130
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$725