This property looks like a bad Airbnb investment with a projected -12.22% first-year return on $93,369 initial cash invested.
-12.22%
Cash On Cash
3.43%
Cap Rate
0.55
DSCR
$2,798
Rent
-$951
Cashflow
Cash Flow
$2,798 income − $3,749 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$3,749
Mortgage P&I
67%
$1,866
Property Taxes
15%
$408
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700