This property looks like a bad Airbnb investment with a projected -25.28% first-year return on $96,729 initial cash invested.
-25.28%
Cash On Cash
0.48%
Cap Rate
0.07
DSCR
$2,686
Rent
-$2,038
Cashflow
Cash Flow
$2,686 income − $4,724 expenses = $2,038 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,686
Total Expenses
$4,724
Mortgage P&I
78%
$2,082
Property Taxes
34%
$914
Home Insurance
5%
$131
HOA
11%
$308
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$672