This property looks like a bad Airbnb investment with a projected -15.44% first-year return on $94,167 initial cash invested.
-15.44%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,683
Rent
-$1,212
Cashflow
Cash Flow
$2,683 income − $3,895 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,683
Total Expenses
$3,895
Mortgage P&I
75%
$2,006
Property Taxes
18%
$472
Home Insurance
5%
$130
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671