This property looks like a bad Airbnb investment with a projected -9.82% first-year return on $94,566 initial cash invested.
-9.82%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$2,875
Rent
-$774
Cashflow
Cash Flow
$2,875 income − $3,649 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,566
Downpayment
20%
$72,920
Closing costs
1%
$3,646
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,875
Total Expenses
$3,649
Mortgage P&I
64%
$1,854
Property Taxes
10%
$284
Home Insurance
5%
$131
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$719