This property looks like a bad Airbnb investment with a projected -10.57% first-year return on $93,768 initial cash invested.
-10.57%
Cash On Cash
3.79%
Cap Rate
0.61
DSCR
$2,352
Rent
-$826
Cashflow
Cash Flow
$2,352 income − $3,178 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,768
Downpayment
20%
$72,160
Closing costs
1%
$3,608
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,352
Total Expenses
$3,178
Mortgage P&I
80%
$1,871
Property Taxes
2%
$45
Home Insurance
6%
$133
HOA
0%
$0
Property Management
15%
$353
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$588