This property looks like a bad Airbnb investment with a projected -13.61% first-year return on $94,713 initial cash invested.
-13.61%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$2,563
Rent
-$1,074
Cashflow
Cash Flow
$2,563 income − $3,637 expenses = $1,074 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,713
Downpayment
20%
$73,060
Closing costs
1%
$3,653
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,563
Total Expenses
$3,637
Mortgage P&I
79%
$2,016
Property Taxes
10%
$260
Home Insurance
5%
$130
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$641