This property looks like a bad Airbnb investment with a projected -4.98% first-year return on $95,196 initial cash invested.
-4.98%
Cash On Cash
5.35%
Cap Rate
0.87
DSCR
$3,546
Rent
-$395
Cashflow
Cash Flow
$3,546 income − $3,941 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,196
Downpayment
20%
$73,520
Closing costs
1%
$3,676
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,546
Total Expenses
$3,941
Mortgage P&I
53%
$1,891
Property Taxes
6%
$217
Home Insurance
4%
$129
HOA
0%
$2
Property Management
15%
$532
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$886