This property looks like a bad Airbnb investment with a projected -10.92% first-year return on $94,650 initial cash invested.
-10.92%
Cash On Cash
3.86%
Cap Rate
0.61
DSCR
$2,613
Rent
-$861
Cashflow
Cash Flow
$2,613 income − $3,474 expenses = $861 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,613
Total Expenses
$3,474
Mortgage P&I
74%
$1,929
Property Taxes
6%
$162
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$392
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$653