This property looks like a bad Airbnb investment with a projected -13.95% first-year return on $97,086 initial cash invested.
-13.95%
Cash On Cash
3%
Cap Rate
0.48
DSCR
$2,304
Rent
-$1,129
Cashflow
Cash Flow
$2,304 income − $3,433 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,086
Downpayment
20%
$75,320
Closing costs
1%
$3,766
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,304
Total Expenses
$3,433
Mortgage P&I
86%
$1,979
Property Taxes
9%
$208
Home Insurance
6%
$128
HOA
1%
$12
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576