This property looks like a bad Airbnb investment with a projected -19% first-year return on $95,742 initial cash invested.
-19%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$1,886
Rent
-$1,516
Cashflow
Cash Flow
$1,886 income − $3,402 expenses = $1,516 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,742
Downpayment
20%
$74,040
Closing costs
1%
$3,702
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,886
Total Expenses
$3,402
Mortgage P&I
106%
$2,005
Property Taxes
18%
$337
Home Insurance
7%
$140
HOA
1%
$15
Property Management
15%
$283
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$472