This property looks like a bad Airbnb investment with a projected -11.9% first-year return on $95,490 initial cash invested.
-11.9%
Cash On Cash
3.95%
Cap Rate
0.59
DSCR
$2,928
Rent
-$947
Cashflow
Cash Flow
$2,928 income − $3,875 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$3,875
Mortgage P&I
70%
$2,045
Property Taxes
10%
$296
Home Insurance
4%
$129
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732