This property looks like a bad Airbnb investment with a projected -15.27% first-year return on $93,222 initial cash invested.
-15.27%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$2,700
Rent
-$1,186
Cashflow
Cash Flow
$2,700 income − $3,886 expenses = $1,186 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,700
Total Expenses
$3,886
Mortgage P&I
70%
$1,898
Property Taxes
21%
$564
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$405
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$675