This property looks like a bad Airbnb investment with a projected -7.26% first-year return on $96,540 initial cash invested.
-7.26%
Cash On Cash
4.67%
Cap Rate
0.76
DSCR
$3,121
Rent
-$584
Cashflow
Cash Flow
$3,121 income − $3,705 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,540
Downpayment
20%
$74,800
Closing costs
1%
$3,740
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,121
Total Expenses
$3,705
Mortgage P&I
61%
$1,916
Property Taxes
5%
$160
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$780