This property looks like a bad Airbnb investment with a projected -2.66% first-year return on $103k initial cash invested.
-2.66%
Cash On Cash
5.92%
Cap Rate
0.96
DSCR
$3,831
Rent
-$228
Cashflow
Cash Flow
$3,831 income − $4,059 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
6%
$24,000
Cashflow
Total Income
$3,831
Total Expenses
$4,059
Mortgage P&I
50%
$1,923
Property Taxes
4%
$166
Home Insurance
3%
$131
HOA
0%
$0
Property Management
15%
$575
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$958