This property looks like a bad Airbnb investment with a projected -18.73% first-year return on $94,314 initial cash invested.
-18.73%
Cash On Cash
2%
Cap Rate
0.3
DSCR
$2,178
Rent
-$1,472
Cashflow
Cash Flow
$2,178 income − $3,650 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,314
Downpayment
20%
$72,680
Closing costs
1%
$3,634
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,178
Total Expenses
$3,650
Mortgage P&I
91%
$1,992
Property Taxes
19%
$417
Home Insurance
6%
$130
HOA
3%
$66
Property Management
15%
$327
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544