This property looks like a bad Airbnb investment with a projected -14.7% first-year return on $93,663 initial cash invested.
-14.7%
Cash On Cash
2.65%
Cap Rate
0.43
DSCR
$2,316
Rent
-$1,147
Cashflow
Cash Flow
$2,316 income − $3,463 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,663
Downpayment
20%
$72,060
Closing costs
1%
$3,603
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,316
Total Expenses
$3,463
Mortgage P&I
80%
$1,850
Property Taxes
16%
$371
Home Insurance
6%
$130
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$579