This property looks like a bad Airbnb investment with a projected -4.72% first-year return on $95,805 initial cash invested.
-4.72%
Cash On Cash
6.07%
Cap Rate
0.9
DSCR
$4,504
Rent
-$377
Cashflow
Cash Flow
$4,504 income − $4,881 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,805
Downpayment
20%
$74,100
Closing costs
1%
$3,705
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,504
Total Expenses
$4,881
Mortgage P&I
46%
$2,072
Property Taxes
11%
$514
Home Insurance
3%
$133
HOA
0%
$0
Property Management
15%
$676
CapEx
4%
$180
Vacancy
0%
$0
Maintenance
4%
$180
Other
25%
$1,126