This property looks like a bad Airbnb investment with a projected -14.76% first-year return on $93,474 initial cash invested.
-14.76%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$1,870
Rent
-$1,150
Cashflow
Cash Flow
$1,870 income − $3,020 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,474
Downpayment
20%
$71,880
Closing costs
1%
$3,594
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,870
Total Expenses
$3,020
Mortgage P&I
98%
$1,839
Property Taxes
8%
$153
Home Insurance
7%
$130
HOA
0%
$0
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$468