This property looks like a bad Airbnb investment with a projected -13.02% first-year return on $94,440 initial cash invested.
-13.02%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$2,586
Rent
-$1,025
Cashflow
Cash Flow
$2,586 income − $3,611 expenses = $1,025 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,440
Downpayment
20%
$72,800
Closing costs
1%
$3,640
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,586
Total Expenses
$3,611
Mortgage P&I
75%
$1,930
Property Taxes
12%
$314
Home Insurance
5%
$127
HOA
0%
$0
Property Management
15%
$388
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$646