This property looks like a bad Airbnb investment with a projected -1.33% first-year return on $96,582 initial cash invested.
-1.33%
Cash On Cash
6.23%
Cap Rate
1.05
DSCR
$4,847
Rent
-$107
Cashflow
Cash Flow
$4,847 income − $4,954 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,847
Total Expenses
$4,954
Mortgage P&I
38%
$1,857
Property Taxes
13%
$639
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$727
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,212