This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $97,569 initial cash invested.
-21.68%
Cash On Cash
0.76%
Cap Rate
0.12
DSCR
$1,532
Rent
-$1,763
Cashflow
Cash Flow
$1,532 income − $3,295 expenses = $1,763 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,569
Downpayment
20%
$75,780
Closing costs
1%
$3,789
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,532
Total Expenses
$3,295
Mortgage P&I
127%
$1,941
Property Taxes
32%
$484
Home Insurance
9%
$135
HOA
0%
$0
Property Management
15%
$230
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$383