This property looks like a bad Airbnb investment with a projected -4.18% first-year return on $95,490 initial cash invested.
-4.18%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$4,183
Rent
-$333
Cashflow
Cash Flow
$4,183 income − $4,516 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,183
Total Expenses
$4,516
Mortgage P&I
48%
$2,020
Property Taxes
9%
$360
Home Insurance
3%
$129
HOA
0%
$0
Property Management
15%
$627
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,046