This property looks like a bad Airbnb investment with a projected -13.3% first-year return on $95,973 initial cash invested.
-13.3%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,093
Rent
-$1,064
Cashflow
Cash Flow
$2,093 income − $3,157 expenses = $1,064 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,973
Downpayment
20%
$74,260
Closing costs
1%
$3,713
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,093
Total Expenses
$3,157
Mortgage P&I
90%
$1,891
Property Taxes
6%
$120
Home Insurance
6%
$131
HOA
0%
$10
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523