This property looks like a bad Airbnb investment with a projected -9.66% first-year return on $96,750 initial cash invested.
-9.66%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$3,388
Rent
-$779
Cashflow
Cash Flow
$3,388 income − $4,167 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,388
Total Expenses
$4,167
Mortgage P&I
57%
$1,923
Property Taxes
14%
$486
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847