This property looks like a bad Airbnb investment with a projected -3.4% first-year return on $96,729 initial cash invested.
-3.4%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$3,799
Rent
-$274
Cashflow
Cash Flow
$3,799 income − $4,073 expenses = $274 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
$3,799
Total Expenses
$4,073
Mortgage P&I
54%
$2,046
Property Taxes
2%
$72
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$570
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$950