This property looks like a bad Airbnb investment with a projected -8.56% first-year return on $95,007 initial cash invested.
-8.56%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$3,299
Rent
-$678
Cashflow
Cash Flow
$3,299 income − $3,977 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,007
Downpayment
20%
$73,340
Closing costs
1%
$3,667
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,299
Total Expenses
$3,977
Mortgage P&I
61%
$2,006
Property Taxes
8%
$259
Home Insurance
4%
$128
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825