This property looks like a bad Airbnb investment with a projected -4.11% first-year return on $96,750 initial cash invested.
-4.11%
Cash On Cash
5.74%
Cap Rate
0.9
DSCR
$3,541
Rent
-$331
Cashflow
Cash Flow
$3,541 income − $3,872 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,541
Total Expenses
$3,872
Mortgage P&I
56%
$1,982
Property Taxes
2%
$59
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$531
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$885