This property looks like a bad Airbnb investment with a projected -12% first-year return on $93,075 initial cash invested.
-12%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$2,512
Rent
-$931
Cashflow
Cash Flow
$2,512 income − $3,443 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,075
Downpayment
20%
$71,500
Closing costs
1%
$3,575
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,512
Total Expenses
$3,443
Mortgage P&I
73%
$1,836
Property Taxes
11%
$274
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$628