This property looks like a bad Airbnb investment with a projected -16.93% first-year return on $96,477 initial cash invested.
-16.93%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$1,605
Rent
-$1,361
Cashflow
Cash Flow
$1,605 income − $2,966 expenses = $1,361 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,477
Downpayment
20%
$74,740
Closing costs
1%
$3,737
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,605
Total Expenses
$2,966
Mortgage P&I
120%
$1,926
Property Taxes
9%
$137
Home Insurance
8%
$133
HOA
0%
$0
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$401