This property looks like a bad Airbnb investment with a projected -22.55% first-year return on $93,915 initial cash invested.
-22.55%
Cash On Cash
0.48%
Cap Rate
0.08
DSCR
$1,651
Rent
-$1,765
Cashflow
Cash Flow
$1,651 income − $3,416 expenses = $1,765 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,915
Downpayment
20%
$72,300
Closing costs
1%
$3,615
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,651
Total Expenses
$3,416
Mortgage P&I
112%
$1,844
Property Taxes
40%
$653
Home Insurance
8%
$126
HOA
0%
$0
Property Management
15%
$248
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$413