This property looks like a bad Airbnb investment with a projected -12.96% first-year return on $96,183 initial cash invested.
-12.96%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$3,274
Rent
-$1,039
Cashflow
Cash Flow
$3,274 income − $4,313 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,274
Total Expenses
$4,313
Mortgage P&I
62%
$2,037
Property Taxes
18%
$586
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$818