This property looks like a bad Airbnb investment with a projected -13.06% first-year return on $97,296 initial cash invested.
-13.06%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$2,880
Rent
-$1,059
Cashflow
Cash Flow
$2,880 income − $3,939 expenses = $1,059 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,296
Downpayment
20%
$75,520
Closing costs
1%
$3,776
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,880
Total Expenses
$3,939
Mortgage P&I
72%
$2,070
Property Taxes
12%
$352
Home Insurance
5%
$135
HOA
0%
$0
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$720