This property looks like a bad Airbnb investment with a projected -6.6% first-year return on $96,309 initial cash invested.
-6.6%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$3,778
Rent
-$530
Cashflow
Cash Flow
$3,778 income − $4,308 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,778
Total Expenses
$4,308
Mortgage P&I
53%
$2,001
Property Taxes
9%
$349
Home Insurance
4%
$145
HOA
0%
$0
Property Management
15%
$567
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$944