This property looks like a bad Airbnb investment with a projected -23.47% first-year return on $92,970 initial cash invested.
-23.47%
Cash On Cash
0.87%
Cap Rate
0.13
DSCR
$2,148
Rent
-$1,818
Cashflow
Cash Flow
$2,148 income − $3,966 expenses = $1,818 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,970
Downpayment
20%
$71,400
Closing costs
1%
$3,570
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,148
Total Expenses
$3,966
Mortgage P&I
93%
$1,990
Property Taxes
16%
$336
Home Insurance
6%
$126
HOA
22%
$483
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$537