This property looks like a bad Airbnb investment with a projected -5.87% first-year return on $94,797 initial cash invested.
-5.87%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,643
Rent
-$464
Cashflow
Cash Flow
$3,643 income − $4,107 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,797
Downpayment
20%
$73,140
Closing costs
1%
$3,657
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,643
Total Expenses
$4,107
Mortgage P&I
55%
$2,003
Property Taxes
5%
$177
Home Insurance
4%
$149
HOA
1%
$29
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$911