This property looks like a bad Airbnb investment with a projected -13.78% first-year return on $94,650 initial cash invested.
-13.78%
Cash On Cash
3.41%
Cap Rate
0.51
DSCR
$2,729
Rent
-$1,087
Cashflow
Cash Flow
$2,729 income − $3,816 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,729
Total Expenses
$3,816
Mortgage P&I
74%
$2,014
Property Taxes
13%
$365
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$682