This property looks like a bad Airbnb investment with a projected -19.45% first-year return on $94,965 initial cash invested.
-19.45%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$1,595
Rent
-$1,539
Cashflow
Cash Flow
$1,595 income − $3,134 expenses = $1,539 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,965
Downpayment
20%
$73,300
Closing costs
1%
$3,665
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,595
Total Expenses
$3,134
Mortgage P&I
124%
$1,980
Property Taxes
16%
$260
Home Insurance
8%
$128
HOA
0%
$0
Property Management
15%
$239
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$399