This property looks like a bad Airbnb investment with a projected -18.58% first-year return on $94,167 initial cash invested.
-18.58%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$1,880
Rent
-$1,458
Cashflow
Cash Flow
$1,880 income − $3,338 expenses = $1,458 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,880
Total Expenses
$3,338
Mortgage P&I
106%
$1,985
Property Taxes
17%
$322
Home Insurance
7%
$129
HOA
0%
$0
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470