This property looks like a bad Airbnb investment with a projected -8.08% first-year return on $96,099 initial cash invested.
-8.08%
Cash On Cash
4.79%
Cap Rate
0.75
DSCR
$3,649
Rent
-$647
Cashflow
Cash Flow
$3,649 income − $4,296 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,099
Downpayment
20%
$74,380
Closing costs
1%
$3,719
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,649
Total Expenses
$4,296
Mortgage P&I
54%
$1,986
Property Taxes
7%
$266
Home Insurance
4%
$131
HOA
4%
$162
Property Management
15%
$547
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$912