This property looks like a bad Airbnb investment with a projected -4.28% first-year return on $94,020 initial cash invested.
-4.28%
Cash On Cash
5.57%
Cap Rate
0.9
DSCR
$3,775
Rent
-$335
Cashflow
Cash Flow
$3,775 income − $4,110 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,020
Downpayment
20%
$72,400
Closing costs
1%
$3,620
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,775
Total Expenses
$4,110
Mortgage P&I
49%
$1,865
Property Taxes
7%
$258
Home Insurance
3%
$130
HOA
1%
$45
Property Management
15%
$566
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$944