This property looks like a bad Airbnb investment with a projected -12.23% first-year return on $93,768 initial cash invested.
-12.23%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$2,315
Rent
-$956
Cashflow
Cash Flow
$2,315 income − $3,271 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,768
Downpayment
20%
$72,160
Closing costs
1%
$3,608
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,315
Total Expenses
$3,271
Mortgage P&I
81%
$1,866
Property Taxes
7%
$163
Home Insurance
6%
$130
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$579