This property looks like a bad Airbnb investment with a projected -14.02% first-year return on $95,700 initial cash invested.
-14.02%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$2,744
Rent
-$1,118
Cashflow
Cash Flow
$2,744 income − $3,862 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,744
Total Expenses
$3,862
Mortgage P&I
74%
$2,028
Property Taxes
12%
$336
Home Insurance
5%
$135
HOA
2%
$45
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686