This property looks like a bad Airbnb investment with a projected -21.74% first-year return on $93,873 initial cash invested.
-21.74%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$1,380
Rent
-$1,701
Cashflow
Cash Flow
$1,380 income − $3,081 expenses = $1,701 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,873
Downpayment
20%
$72,260
Closing costs
1%
$3,613
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,380
Total Expenses
$3,081
Mortgage P&I
142%
$1,964
Property Taxes
24%
$326
Home Insurance
9%
$129
HOA
0%
$0
Property Management
15%
$207
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$345