This property looks like a bad Airbnb investment with a projected -15.75% first-year return on $95,490 initial cash invested.
-15.75%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$2,551
Rent
-$1,253
Cashflow
Cash Flow
$2,551 income − $3,804 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,551
Total Expenses
$3,804
Mortgage P&I
75%
$1,903
Property Taxes
21%
$547
Home Insurance
5%
$129
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638