This property looks like a bad Airbnb investment with a projected -15.94% first-year return on $94,125 initial cash invested.
-15.94%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,313
Rent
-$1,250
Cashflow
Cash Flow
$2,313 income − $3,563 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,125
Downpayment
20%
$72,500
Closing costs
1%
$3,625
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,313
Total Expenses
$3,563
Mortgage P&I
86%
$1,998
Property Taxes
14%
$326
Home Insurance
6%
$128
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$578