This property looks like a bad Airbnb investment with a projected -13.09% first-year return on $92,865 initial cash invested.
-13.09%
Cash On Cash
3.82%
Cap Rate
0.56
DSCR
$3,280
Rent
-$1,013
Cashflow
Cash Flow
$3,280 income − $4,293 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,865
Downpayment
20%
$71,300
Closing costs
1%
$3,565
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$4,293
Mortgage P&I
62%
$2,018
Property Taxes
17%
$573
Home Insurance
4%
$128
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820