This property looks like a bad Airbnb investment with a projected -12.81% first-year return on $96,183 initial cash invested.
-12.81%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$2,614
Rent
-$1,027
Cashflow
Cash Flow
$2,614 income − $3,641 expenses = $1,027 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,614
Total Expenses
$3,641
Mortgage P&I
73%
$1,903
Property Taxes
13%
$351
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654