This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $95,049 initial cash invested.
-18.07%
Cash On Cash
1.96%
Cap Rate
0.31
DSCR
$2,124
Rent
-$1,431
Cashflow
Cash Flow
$2,124 income − $3,555 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,049
Downpayment
20%
$73,380
Closing costs
1%
$3,669
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,124
Total Expenses
$3,555
Mortgage P&I
92%
$1,944
Property Taxes
21%
$451
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$319
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$531