This property looks like a bad Airbnb investment with a projected -9.59% first-year return on $93,600 initial cash invested.
-9.59%
Cash On Cash
4%
Cap Rate
0.65
DSCR
$2,832
Rent
-$748
Cashflow
Cash Flow
$2,832 income − $3,580 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,832
Total Expenses
$3,580
Mortgage P&I
65%
$1,835
Property Taxes
9%
$255
Home Insurance
4%
$126
HOA
0%
$5
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708