This property looks like a bad Airbnb investment with a projected -9.22% first-year return on $95,679 initial cash invested.
-9.22%
Cash On Cash
4.17%
Cap Rate
0.67
DSCR
$2,633
Rent
-$735
Cashflow
Cash Flow
$2,633 income − $3,368 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,633
Total Expenses
$3,368
Mortgage P&I
73%
$1,915
Property Taxes
2%
$60
Home Insurance
5%
$130
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658