This property looks like a bad Airbnb investment with a projected -5.15% first-year return on $97,170 initial cash invested.
-5.15%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$4,045
Rent
-$417
Cashflow
Cash Flow
$4,045 income − $4,462 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,170
Downpayment
20%
$75,400
Closing costs
1%
$3,770
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,045
Total Expenses
$4,462
Mortgage P&I
51%
$2,045
Property Taxes
8%
$340
Home Insurance
3%
$135
HOA
0%
$0
Property Management
15%
$607
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,011