This property looks like a bad Airbnb investment with a projected -9.5% first-year return on $96,267 initial cash invested.
-9.5%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$3,252
Rent
-$762
Cashflow
Cash Flow
$3,252 income − $4,014 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,252
Total Expenses
$4,014
Mortgage P&I
64%
$2,065
Property Taxes
8%
$256
Home Insurance
4%
$132
HOA
0%
$0
Property Management
15%
$488
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$813