This property looks like a bad Airbnb investment with a projected -18.11% first-year return on $95,700 initial cash invested.
-18.11%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$2,385
Rent
-$1,444
Cashflow
Cash Flow
$2,385 income − $3,829 expenses = $1,444 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$3,829
Mortgage P&I
82%
$1,965
Property Taxes
25%
$590
Home Insurance
5%
$130
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596