This property looks like a bad Airbnb investment with a projected -8.46% first-year return on $96,603 initial cash invested.
-8.46%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$3,099
Rent
-$681
Cashflow
Cash Flow
$3,099 income − $3,780 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,603
Downpayment
20%
$74,860
Closing costs
1%
$3,743
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,099
Total Expenses
$3,780
Mortgage P&I
62%
$1,922
Property Taxes
8%
$237
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775