This property looks like a bad Airbnb investment with a projected -13.97% first-year return on $95,553 initial cash invested.
-13.97%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$3,296
Rent
-$1,112
Cashflow
Cash Flow
$3,296 income − $4,408 expenses = $1,112 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,553
Downpayment
20%
$73,860
Closing costs
1%
$3,693
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,296
Total Expenses
$4,408
Mortgage P&I
63%
$2,069
Property Taxes
19%
$626
Home Insurance
4%
$131
HOA
0%
$0
Property Management
15%
$494
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$824