This property looks like a bad Airbnb investment with a projected -20.97% first-year return on $94,923 initial cash invested.
-20.97%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$1,489
Rent
-$1,659
Cashflow
Cash Flow
$1,489 income − $3,148 expenses = $1,659 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,489
Total Expenses
$3,148
Mortgage P&I
127%
$1,892
Property Taxes
28%
$412
Home Insurance
9%
$129
HOA
0%
$0
Property Management
15%
$223
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$372