This property looks like a bad Airbnb investment with a projected -12.51% first-year return on $95,154 initial cash invested.
-12.51%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$2,938
Rent
-$992
Cashflow
Cash Flow
$2,938 income − $3,930 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,154
Downpayment
20%
$73,480
Closing costs
1%
$3,674
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$3,930
Mortgage P&I
67%
$1,980
Property Taxes
14%
$417
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$734