This property looks like a bad Airbnb investment with a projected -5.78% first-year return on $93,495 initial cash invested.
-5.78%
Cash On Cash
4.94%
Cap Rate
0.82
DSCR
$3,097
Rent
-$450
Cashflow
Cash Flow
$3,097 income − $3,547 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,495
Downpayment
20%
$71,900
Closing costs
1%
$3,595
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,097
Total Expenses
$3,547
Mortgage P&I
58%
$1,806
Property Taxes
4%
$128
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774