This property looks like a bad Airbnb investment with a projected -12.97% first-year return on $94,167 initial cash invested.
-12.97%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$2,936
Rent
-$1,018
Cashflow
Cash Flow
$2,936 income − $3,954 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,936
Total Expenses
$3,954
Mortgage P&I
65%
$1,899
Property Taxes
19%
$559
Home Insurance
3%
$88
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$734