This property looks like a bad Airbnb investment with a projected -16.56% first-year return on $93,390 initial cash invested.
-16.56%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$2,106
Rent
-$1,289
Cashflow
Cash Flow
$2,106 income − $3,395 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,106
Total Expenses
$3,395
Mortgage P&I
87%
$1,831
Property Taxes
16%
$336
Home Insurance
6%
$126
HOA
4%
$92
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526