This property looks like a bad Airbnb investment with a projected -14.71% first-year return on $96,435 initial cash invested.
-14.71%
Cash On Cash
3.37%
Cap Rate
0.5
DSCR
$3,147
Rent
-$1,182
Cashflow
Cash Flow
$3,147 income − $4,329 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,435
Downpayment
20%
$74,700
Closing costs
1%
$3,735
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,147
Total Expenses
$4,329
Mortgage P&I
67%
$2,105
Property Taxes
18%
$577
Home Insurance
4%
$136
HOA
0%
$0
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$787