This property looks like a bad Airbnb investment with a projected -11.32% first-year return on $94,062 initial cash invested.
-11.32%
Cash On Cash
3.61%
Cap Rate
0.58
DSCR
$2,745
Rent
-$887
Cashflow
Cash Flow
$2,745 income − $3,632 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,062
Downpayment
20%
$72,440
Closing costs
1%
$3,622
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$3,632
Mortgage P&I
68%
$1,866
Property Taxes
12%
$336
Home Insurance
4%
$112
HOA
0%
$0
Property Management
15%
$412
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$686