This property looks like a bad Airbnb investment with a projected -20.15% first-year return on $93,600 initial cash invested.
-20.15%
Cash On Cash
1.92%
Cap Rate
0.28
DSCR
$1,840
Rent
-$1,572
Cashflow
Cash Flow
$1,840 income − $3,412 expenses = $1,572 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.8%
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
$1,840
Total Expenses
$3,412
Mortgage P&I
113%
$2,074
Property Taxes
18%
$328
Home Insurance
7%
$126
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460