This property looks like a bad Airbnb investment with a projected -13.25% first-year return on $92,991 initial cash invested.
-13.25%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$2,843
Rent
-$1,027
Cashflow
Cash Flow
$2,843 income − $3,870 expenses = $1,027 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,843
Total Expenses
$3,870
Mortgage P&I
64%
$1,829
Property Taxes
19%
$545
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$711