This property looks like a bad Airbnb investment with a projected -5.1% first-year return on $96,960 initial cash invested.
-5.1%
Cash On Cash
5.23%
Cap Rate
0.86
DSCR
$3,428
Rent
-$412
Cashflow
Cash Flow
$3,428 income − $3,840 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,428
Total Expenses
$3,840
Mortgage P&I
56%
$1,913
Property Taxes
4%
$142
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$514
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$857