This property looks like a bad Airbnb investment with a projected -13.25% first-year return on $93,390 initial cash invested.
-13.25%
Cash On Cash
2.92%
Cap Rate
0.48
DSCR
$2,290
Rent
-$1,031
Cashflow
Cash Flow
$2,290 income − $3,321 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,290
Total Expenses
$3,321
Mortgage P&I
79%
$1,813
Property Taxes
12%
$282
Home Insurance
6%
$126
HOA
0%
$0
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572