This property looks like a bad Airbnb investment with a projected -17.62% first-year return on $95,532 initial cash invested.
-17.62%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$1,397
Rent
-$1,403
Cashflow
Cash Flow
$1,397 income − $2,800 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,532
Downpayment
20%
$73,840
Closing costs
1%
$3,692
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,397
Total Expenses
$2,800
Mortgage P&I
136%
$1,900
Property Taxes
7%
$96
Home Insurance
10%
$133
HOA
0%
$0
Property Management
15%
$210
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$349