This property looks like a bad Airbnb investment with a projected -15% first-year return on $95,511 initial cash invested.
-15%
Cash On Cash
2.56%
Cap Rate
0.42
DSCR
$2,333
Rent
-$1,194
Cashflow
Cash Flow
$2,333 income − $3,527 expenses = $1,194 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,511
Downpayment
20%
$73,820
Closing costs
1%
$3,691
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,333
Total Expenses
$3,527
Mortgage P&I
81%
$1,889
Property Taxes
15%
$350
Home Insurance
6%
$131
HOA
2%
$38
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583