This property looks like a bad Airbnb investment with a projected -17.66% first-year return on $93,957 initial cash invested.
-17.66%
Cash On Cash
1.62%
Cap Rate
0.27
DSCR
$1,838
Rent
-$1,383
Cashflow
Cash Flow
$1,838 income − $3,221 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,957
Downpayment
20%
$72,340
Closing costs
1%
$3,617
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,838
Total Expenses
$3,221
Mortgage P&I
98%
$1,797
Property Taxes
22%
$409
Home Insurance
7%
$131
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460