This property looks like a bad Airbnb investment with a projected -12.31% first-year return on $93,579 initial cash invested.
-12.31%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$2,587
Rent
-$960
Cashflow
Cash Flow
$2,587 income − $3,547 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,587
Total Expenses
$3,547
Mortgage P&I
72%
$1,852
Property Taxes
13%
$328
Home Insurance
5%
$126
HOA
0%
$0
Property Management
15%
$388
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$647