This property looks like a bad Airbnb investment with a projected -5.89% first-year return on $97,464 initial cash invested.
-5.89%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$3,872
Rent
-$478
Cashflow
Cash Flow
$3,872 income − $4,350 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,464
Downpayment
20%
$75,680
Closing costs
1%
$3,784
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,872
Total Expenses
$4,350
Mortgage P&I
53%
$2,057
Property Taxes
8%
$317
Home Insurance
3%
$117
HOA
0%
$0
Property Management
15%
$581
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$968