This property looks like a bad Airbnb investment with a projected -19.95% first-year return on $93,600 initial cash invested.
-19.95%
Cash On Cash
1.25%
Cap Rate
0.2
DSCR
$1,523
Rent
-$1,556
Cashflow
Cash Flow
$1,523 income − $3,079 expenses = $1,556 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,523
Total Expenses
$3,079
Mortgage P&I
123%
$1,870
Property Taxes
23%
$352
Home Insurance
8%
$126
HOA
0%
$0
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$381