This property looks like a bad Airbnb investment with a projected -14.95% first-year return on $93,600 initial cash invested.
-14.95%
Cash On Cash
2.53%
Cap Rate
0.41
DSCR
$1,847
Rent
-$1,166
Cashflow
Cash Flow
$1,847 income − $3,013 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,847
Total Expenses
$3,013
Mortgage P&I
100%
$1,850
Property Taxes
8%
$150
Home Insurance
7%
$126
HOA
0%
$0
Property Management
15%
$277
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$462