This property looks like a bad Airbnb investment with a projected -14.43% first-year return on $95,280 initial cash invested.
-14.43%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,076
Rent
-$1,146
Cashflow
Cash Flow
$2,076 income − $3,222 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,076
Total Expenses
$3,222
Mortgage P&I
94%
$1,944
Property Taxes
7%
$153
Home Insurance
6%
$129
HOA
0%
$0
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$519