This property looks like a bad Airbnb investment with a projected -9.39% first-year return on $97,359 initial cash invested.
-9.39%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$3,263
Rent
-$762
Cashflow
Cash Flow
$3,263 income − $4,025 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,359
Downpayment
20%
$75,580
Closing costs
1%
$3,779
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,263
Total Expenses
$4,025
Mortgage P&I
60%
$1,953
Property Taxes
10%
$330
Home Insurance
5%
$175
HOA
0%
$0
Property Management
15%
$489
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$816