This property looks like a bad Airbnb investment with a projected -4.92% first-year return on $95,699 initial cash invested.
-4.92%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$3,472
Rent
-$392
Cashflow
Cash Flow
$3,472 income − $3,864 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,699
Downpayment
20%
$73,999
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,472
Total Expenses
$3,864
Mortgage P&I
59%
$2,046
Property Taxes
1%
$21
Home Insurance
4%
$130
HOA
0%
$0
Property Management
15%
$521
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$868