This property looks like a bad Airbnb investment with a projected -14.42% first-year return on $93,516 initial cash invested.
-14.42%
Cash On Cash
2.72%
Cap Rate
0.44
DSCR
$2,372
Rent
-$1,124
Cashflow
Cash Flow
$2,372 income − $3,496 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,516
Downpayment
20%
$71,920
Closing costs
1%
$3,596
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$3,496
Mortgage P&I
78%
$1,844
Property Taxes
13%
$310
Home Insurance
6%
$131
HOA
3%
$72
Property Management
15%
$356
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$593