This property looks like a bad Airbnb investment with a projected -19.81% first-year return on $96,750 initial cash invested.
-19.81%
Cash On Cash
1.2%
Cap Rate
0.19
DSCR
$917
Rent
-$1,597
Cashflow
Cash Flow
$917 income − $2,514 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$917
Total Expenses
$2,514
Mortgage P&I
211%
$1,936
Property Taxes
1%
$6
Home Insurance
14%
$131
HOA
0%
$0
Property Management
15%
$138
CapEx
4%
$37
Vacancy
0%
$0
Maintenance
4%
$37
Other
25%
$229