This property looks like a bad Airbnb investment with a projected -11.36% first-year return on $93,285 initial cash invested.
-11.36%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$2,927
Rent
-$883
Cashflow
Cash Flow
$2,927 income − $3,810 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,285
Downpayment
20%
$71,700
Closing costs
1%
$3,585
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,927
Total Expenses
$3,810
Mortgage P&I
66%
$1,944
Property Taxes
11%
$335
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732