This property looks like a bad Airbnb investment with a projected -10.28% first-year return on $93,579 initial cash invested.
-10.28%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$2,400
Rent
-$802
Cashflow
Cash Flow
$2,400 income − $3,202 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$3,202
Mortgage P&I
78%
$1,862
Property Taxes
3%
$62
Home Insurance
5%
$126
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600