This property looks like a bad Airbnb investment with a projected -23.98% first-year return on $96,729 initial cash invested.
-23.98%
Cash On Cash
0.59%
Cap Rate
0.09
DSCR
$1,586
Rent
-$1,933
Cashflow
Cash Flow
$1,586 income − $3,519 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,586
Total Expenses
$3,519
Mortgage P&I
129%
$2,053
Property Taxes
36%
$575
Home Insurance
8%
$131
HOA
0%
$0
Property Management
15%
$238
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$396