This property looks like a bad Airbnb investment with a projected -16.38% first-year return on $96,267 initial cash invested.
-16.38%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$2,053
Rent
-$1,314
Cashflow
Cash Flow
$2,053 income − $3,367 expenses = $1,314 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,053
Total Expenses
$3,367
Mortgage P&I
100%
$2,043
Property Taxes
10%
$206
Home Insurance
6%
$133
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$513