This property looks like a bad Airbnb investment with a projected -8.45% first-year return on $93,915 initial cash invested.
-8.45%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$3,058
Rent
-$661
Cashflow
Cash Flow
$3,058 income − $3,719 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,915
Downpayment
20%
$72,300
Closing costs
1%
$3,615
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$3,719
Mortgage P&I
65%
$1,995
Property Taxes
4%
$126
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764