This property looks like a bad Airbnb investment with a projected -15.15% first-year return on $93,159 initial cash invested.
-15.15%
Cash On Cash
2.66%
Cap Rate
0.42
DSCR
$2,047
Rent
-$1,176
Cashflow
Cash Flow
$2,047 income − $3,223 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,159
Downpayment
20%
$71,580
Closing costs
1%
$3,579
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,047
Total Expenses
$3,223
Mortgage P&I
92%
$1,888
Property Taxes
11%
$224
Home Insurance
6%
$128
HOA
0%
$0
Property Management
15%
$307
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$512