This property looks like a bad Airbnb investment with a projected -12.83% first-year return on $96,729 initial cash invested.
-12.83%
Cash On Cash
3.09%
Cap Rate
0.51
DSCR
$2,535
Rent
-$1,034
Cashflow
Cash Flow
$2,535 income − $3,569 expenses = $1,034 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,535
Total Expenses
$3,569
Mortgage P&I
75%
$1,899
Property Taxes
13%
$323
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634