This property looks like a bad Airbnb investment with a projected -7.94% first-year return on $94,923 initial cash invested.
-7.94%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$3,584
Rent
-$628
Cashflow
Cash Flow
$3,584 income − $4,212 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$4,212
Mortgage P&I
52%
$1,879
Property Taxes
13%
$480
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$538
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$896