This property looks like a bad Airbnb investment with a projected -20.22% first-year return on $96,183 initial cash invested.
-20.22%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$1,881
Rent
-$1,621
Cashflow
Cash Flow
$1,881 income − $3,502 expenses = $1,621 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,881
Total Expenses
$3,502
Mortgage P&I
105%
$1,967
Property Taxes
19%
$358
Home Insurance
7%
$140
HOA
7%
$135
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470