This property looks like a bad Airbnb investment with a projected -6.46% first-year return on $96,750 initial cash invested.
-6.46%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$3,914
Rent
-$521
Cashflow
Cash Flow
$3,914 income − $4,435 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,914
Total Expenses
$4,435
Mortgage P&I
52%
$2,034
Property Taxes
10%
$391
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$587
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$978