This property looks like a bad Airbnb investment with a projected -15.46% first-year return on $94,251 initial cash invested.
-15.46%
Cash On Cash
2.59%
Cap Rate
0.41
DSCR
$2,358
Rent
-$1,214
Cashflow
Cash Flow
$2,358 income − $3,572 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,251
Downpayment
20%
$72,620
Closing costs
1%
$3,631
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,358
Total Expenses
$3,572
Mortgage P&I
81%
$1,905
Property Taxes
17%
$404
Home Insurance
6%
$131
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590