This property looks like a bad Airbnb investment with a projected -2.13% first-year return on $92,991 initial cash invested.
-2.13%
Cash On Cash
6.42%
Cap Rate
1.01
DSCR
$4,653
Rent
-$165
Cashflow
Cash Flow
$4,653 income − $4,818 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,653
Total Expenses
$4,818
Mortgage P&I
41%
$1,888
Property Taxes
12%
$575
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$698
CapEx
4%
$186
Vacancy
0%
$0
Maintenance
4%
$186
Other
25%
$1,163