This property looks like a bad Airbnb investment with a projected -13.89% first-year return on $95,490 initial cash invested.
-13.89%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$3,199
Rent
-$1,105
Cashflow
Cash Flow
$3,199 income − $4,304 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,199
Total Expenses
$4,304
Mortgage P&I
58%
$1,871
Property Taxes
11%
$347
Home Insurance
4%
$129
HOA
13%
$421
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$800