This property looks like a bad Airbnb investment with a projected -8.4% first-year return on $93,390 initial cash invested.
-8.4%
Cash On Cash
4.52%
Cap Rate
0.72
DSCR
$3,301
Rent
-$654
Cashflow
Cash Flow
$3,301 income − $3,955 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,301
Total Expenses
$3,955
Mortgage P&I
57%
$1,874
Property Taxes
11%
$371
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825