This property looks like a bad Airbnb investment with a projected -5.83% first-year return on $93,411 initial cash invested.
-5.83%
Cash On Cash
5.33%
Cap Rate
0.84
DSCR
$3,534
Rent
-$454
Cashflow
Cash Flow
$3,534 income − $3,988 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,411
Downpayment
20%
$71,820
Closing costs
1%
$3,591
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$3,988
Mortgage P&I
54%
$1,908
Property Taxes
7%
$236
Home Insurance
4%
$128
HOA
1%
$20
Property Management
15%
$530
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$884