This property looks like a bad Airbnb investment with a projected -12.4% first-year return on $94,650 initial cash invested.
-12.4%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$2,604
Rent
-$978
Cashflow
Cash Flow
$2,604 income − $3,582 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$3,582
Mortgage P&I
73%
$1,908
Property Taxes
10%
$272
Home Insurance
5%
$128
HOA
1%
$24
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651