This property looks like a bad Airbnb investment with a projected -18.27% first-year return on $96,015 initial cash invested.
-18.27%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$2,331
Rent
-$1,462
Cashflow
Cash Flow
$2,331 income − $3,793 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,015
Downpayment
20%
$74,300
Closing costs
1%
$3,715
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$3,793
Mortgage P&I
82%
$1,919
Property Taxes
27%
$624
Home Insurance
6%
$131
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583