This property looks like a bad Airbnb investment with a projected -13.61% first-year return on $95,511 initial cash invested.
-13.61%
Cash On Cash
3.68%
Cap Rate
0.54
DSCR
$2,765
Rent
-$1,083
Cashflow
Cash Flow
$2,765 income − $3,848 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,511
Downpayment
20%
$73,820
Closing costs
1%
$3,691
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,765
Total Expenses
$3,848
Mortgage P&I
76%
$2,103
Property Taxes
10%
$273
Home Insurance
5%
$131
HOA
0%
$13
Property Management
15%
$415
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$691