This property looks like a bad Airbnb investment with a projected -15.21% first-year return on $94,650 initial cash invested.
-15.21%
Cash On Cash
2.79%
Cap Rate
0.43
DSCR
$2,030
Rent
-$1,200
Cashflow
Cash Flow
$2,030 income − $3,230 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,030
Total Expenses
$3,230
Mortgage P&I
97%
$1,967
Property Taxes
8%
$161
Home Insurance
6%
$128
HOA
0%
$0
Property Management
15%
$304
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$508