This property looks like a bad Airbnb investment with a projected -20.63% first-year return on $96,750 initial cash invested.
-20.63%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$1,789
Rent
-$1,663
Cashflow
Cash Flow
$1,789 income − $3,452 expenses = $1,663 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,789
Total Expenses
$3,452
Mortgage P&I
114%
$2,042
Property Taxes
23%
$420
Home Insurance
7%
$131
HOA
0%
$0
Property Management
15%
$268
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$447