This property looks like a bad Airbnb investment with a projected -11.06% first-year return on $93,600 initial cash invested.
-11.06%
Cash On Cash
3.94%
Cap Rate
0.62
DSCR
$3,423
Rent
-$863
Cashflow
Cash Flow
$3,423 income − $4,286 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$4,286
Mortgage P&I
56%
$1,908
Property Taxes
18%
$609
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$513
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$856