This property looks like a bad Airbnb investment with a projected -7.59% first-year return on $93,579 initial cash invested.
-7.59%
Cash On Cash
4.7%
Cap Rate
0.75
DSCR
$2,914
Rent
-$592
Cashflow
Cash Flow
$2,914 income − $3,506 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$3,506
Mortgage P&I
65%
$1,885
Property Taxes
3%
$96
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$728