This property looks like a bad Airbnb investment with a projected -10.89% first-year return on $94,104 initial cash invested.
-10.89%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,635
Rent
-$854
Cashflow
Cash Flow
$2,635 income − $3,489 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,104
Downpayment
20%
$72,480
Closing costs
1%
$3,624
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,635
Total Expenses
$3,489
Mortgage P&I
71%
$1,863
Property Taxes
8%
$218
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$659