This property looks like a bad Airbnb investment with a projected -18.99% first-year return on $97,674 initial cash invested.
-18.99%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$1,446
Rent
-$1,546
Cashflow
Cash Flow
$1,446 income − $2,992 expenses = $1,546 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,446
Total Expenses
$2,992
Mortgage P&I
135%
$1,948
Property Taxes
15%
$211
Home Insurance
10%
$138
HOA
0%
$0
Property Management
15%
$217
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$362