This property looks like a bad Airbnb investment with a projected -12.88% first-year return on $92,823 initial cash invested.
-12.88%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$3,102
Rent
-$996
Cashflow
Cash Flow
$3,102 income − $4,098 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,823
Downpayment
20%
$71,260
Closing costs
1%
$3,563
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,102
Total Expenses
$4,098
Mortgage P&I
64%
$1,978
Property Taxes
16%
$505
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$776