This property looks like a bad Airbnb investment with a projected -7.26% first-year return on $93,222 initial cash invested.
-7.26%
Cash On Cash
4.75%
Cap Rate
0.76
DSCR
$2,975
Rent
-$564
Cashflow
Cash Flow
$2,975 income − $3,539 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,975
Total Expenses
$3,539
Mortgage P&I
63%
$1,863
Property Taxes
4%
$115
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744