This property looks like a bad Airbnb investment with a projected -15.3% first-year return on $96,960 initial cash invested.
-15.3%
Cash On Cash
2.36%
Cap Rate
0.39
DSCR
$2,331
Rent
-$1,236
Cashflow
Cash Flow
$2,331 income − $3,567 expenses = $1,236 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$3,567
Mortgage P&I
81%
$1,883
Property Taxes
17%
$392
Home Insurance
7%
$173
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583