This property looks like a bad Airbnb investment with a projected -19.65% first-year return on $95,490 initial cash invested.
-19.65%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$1,285
Rent
-$1,564
Cashflow
Cash Flow
$1,285 income − $2,849 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,285
Total Expenses
$2,849
Mortgage P&I
154%
$1,973
Property Taxes
10%
$131
Home Insurance
10%
$129
HOA
0%
$0
Property Management
15%
$193
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$321