This property looks like a bad Airbnb investment with a projected -0.77% first-year return on $96,750 initial cash invested.
-0.77%
Cash On Cash
6.56%
Cap Rate
1.06
DSCR
$4,360
Rent
-$62
Cashflow
Cash Flow
$4,360 income − $4,422 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,360
Total Expenses
$4,422
Mortgage P&I
44%
$1,938
Property Taxes
6%
$261
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$654
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,090