This property looks like a bad Airbnb investment with a projected -18.89% first-year return on $96,309 initial cash invested.
-18.89%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$2,243
Rent
-$1,516
Cashflow
Cash Flow
$2,243 income − $3,759 expenses = $1,516 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,243
Total Expenses
$3,759
Mortgage P&I
89%
$2,007
Property Taxes
22%
$488
Home Insurance
7%
$157
HOA
1%
$30
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561