This property looks like a bad Airbnb investment with a projected -7.83% first-year return on $95,028 initial cash invested.
-7.83%
Cash On Cash
4.77%
Cap Rate
0.75
DSCR
$3,389
Rent
-$620
Cashflow
Cash Flow
$3,389 income − $4,009 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,389
Total Expenses
$4,009
Mortgage P&I
57%
$1,943
Property Taxes
9%
$309
Home Insurance
4%
$130
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847