This property looks like a bad Airbnb investment with a projected -7.74% first-year return on $93,285 initial cash invested.
-7.74%
Cash On Cash
4.66%
Cap Rate
0.74
DSCR
$3,055
Rent
-$602
Cashflow
Cash Flow
$3,055 income − $3,657 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,285
Downpayment
20%
$71,700
Closing costs
1%
$3,585
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,055
Total Expenses
$3,657
Mortgage P&I
61%
$1,873
Property Taxes
3%
$77
Home Insurance
4%
$126
HOA
4%
$115
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764