This property looks like a bad Airbnb investment with a projected -17.85% first-year return on $97,674 initial cash invested.
-17.85%
Cash On Cash
1.7%
Cap Rate
0.28
DSCR
$1,702
Rent
-$1,453
Cashflow
Cash Flow
$1,702 income − $3,155 expenses = $1,453 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,702
Total Expenses
$3,155
Mortgage P&I
113%
$1,924
Property Taxes
17%
$281
Home Insurance
8%
$133
HOA
0%
$0
Property Management
15%
$255
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$426