This property looks like a bad Airbnb investment with a projected -9.38% first-year return on $97,359 initial cash invested.
-9.38%
Cash On Cash
4.14%
Cap Rate
0.67
DSCR
$3,322
Rent
-$761
Cashflow
Cash Flow
$3,322 income − $4,083 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,359
Downpayment
20%
$75,580
Closing costs
1%
$3,779
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$4,083
Mortgage P&I
58%
$1,932
Property Taxes
13%
$417
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$830