This property looks like a bad Airbnb investment with a projected -6.31% first-year return on $94,860 initial cash invested.
-6.31%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$3,691
Rent
-$499
Cashflow
Cash Flow
$3,691 income − $4,190 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,860
Downpayment
20%
$73,200
Closing costs
1%
$3,660
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,691
Total Expenses
$4,190
Mortgage P&I
54%
$2,001
Property Taxes
8%
$285
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923