This property looks like a bad Airbnb investment with a projected -8.67% first-year return on $95,490 initial cash invested.
-8.67%
Cash On Cash
4.38%
Cap Rate
0.7
DSCR
$2,989
Rent
-$690
Cashflow
Cash Flow
$2,989 income − $3,679 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,989
Total Expenses
$3,679
Mortgage P&I
64%
$1,918
Property Taxes
5%
$155
Home Insurance
4%
$129
HOA
1%
$42
Property Management
15%
$448
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$747