This property looks like a bad Airbnb investment with a projected -6.99% first-year return on $94,629 initial cash invested.
-6.99%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$3,479
Rent
-$551
Cashflow
Cash Flow
$3,479 income − $4,030 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,629
Downpayment
20%
$72,980
Closing costs
1%
$3,649
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,479
Total Expenses
$4,030
Mortgage P&I
59%
$2,046
Property Taxes
5%
$186
Home Insurance
4%
$128
HOA
0%
$0
Property Management
15%
$522
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$870