This property looks like a bad Airbnb investment with a projected -9.01% first-year return on $95,196 initial cash invested.
-9.01%
Cash On Cash
4.32%
Cap Rate
0.69
DSCR
$2,989
Rent
-$715
Cashflow
Cash Flow
$2,989 income − $3,704 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,196
Downpayment
20%
$73,520
Closing costs
1%
$3,676
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,989
Total Expenses
$3,704
Mortgage P&I
64%
$1,918
Property Taxes
7%
$221
Home Insurance
4%
$130
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$747