This property looks like a bad Airbnb investment with a projected -18.04% first-year return on $93,390 initial cash invested.
-18.04%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$1,904
Rent
-$1,404
Cashflow
Cash Flow
$1,904 income − $3,308 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,904
Total Expenses
$3,308
Mortgage P&I
96%
$1,826
Property Taxes
24%
$454
Home Insurance
6%
$114
HOA
0%
$0
Property Management
15%
$286
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$476