This property looks like a bad Airbnb investment with a projected -12.07% first-year return on $94,272 initial cash invested.
-12.07%
Cash On Cash
3.39%
Cap Rate
0.55
DSCR
$2,982
Rent
-$948
Cashflow
Cash Flow
$2,982 income − $3,930 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,272
Downpayment
20%
$72,640
Closing costs
1%
$3,632
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,982
Total Expenses
$3,930
Mortgage P&I
62%
$1,854
Property Taxes
15%
$456
Home Insurance
4%
$131
HOA
2%
$58
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$746