This property looks like a bad Airbnb investment with a projected -15.25% first-year return on $94,020 initial cash invested.
-15.25%
Cash On Cash
3.14%
Cap Rate
0.46
DSCR
$2,581
Rent
-$1,195
Cashflow
Cash Flow
$2,581 income − $3,776 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,020
Downpayment
20%
$72,400
Closing costs
1%
$3,620
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,581
Total Expenses
$3,776
Mortgage P&I
79%
$2,039
Property Taxes
13%
$326
Home Insurance
5%
$128
HOA
2%
$45
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645