This property looks like a bad Airbnb investment with a projected -10.26% first-year return on $93,957 initial cash invested.
-10.26%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$2,733
Rent
-$803
Cashflow
Cash Flow
$2,733 income − $3,536 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,957
Downpayment
20%
$72,340
Closing costs
1%
$3,617
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,733
Total Expenses
$3,536
Mortgage P&I
67%
$1,835
Property Taxes
9%
$241
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$410
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$683