This property looks like a bad Airbnb investment with a projected -17.31% first-year return on $96,204 initial cash invested.
-17.31%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$2,580
Rent
-$1,388
Cashflow
Cash Flow
$2,580 income − $3,968 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,204
Downpayment
20%
$74,480
Closing costs
1%
$3,724
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,580
Total Expenses
$3,968
Mortgage P&I
79%
$2,032
Property Taxes
20%
$527
Home Insurance
5%
$133
HOA
1%
$38
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645