This property looks like a bad Airbnb investment with a projected -14.11% first-year return on $95,175 initial cash invested.
-14.11%
Cash On Cash
2.87%
Cap Rate
0.46
DSCR
$2,214
Rent
-$1,119
Cashflow
Cash Flow
$2,214 income − $3,333 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,214
Total Expenses
$3,333
Mortgage P&I
86%
$1,909
Property Taxes
10%
$227
Home Insurance
6%
$133
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554