This property looks like a bad Airbnb investment with a projected -13.56% first-year return on $95,868 initial cash invested.
-13.56%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$2,490
Rent
-$1,083
Cashflow
Cash Flow
$2,490 income − $3,573 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,490
Total Expenses
$3,573
Mortgage P&I
82%
$2,047
Property Taxes
8%
$199
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$622