This property looks like a bad Airbnb investment with a projected -15.51% first-year return on $94,650 initial cash invested.
-15.51%
Cash On Cash
2.52%
Cap Rate
0.4
DSCR
$2,306
Rent
-$1,223
Cashflow
Cash Flow
$2,306 income − $3,529 expenses = $1,223 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,306
Total Expenses
$3,529
Mortgage P&I
82%
$1,898
Property Taxes
17%
$397
Home Insurance
6%
$128
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576