This property looks like a bad Airbnb investment with a projected -14.69% first-year return on $95,217 initial cash invested.
-14.69%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$2,141
Rent
-$1,166
Cashflow
Cash Flow
$2,141 income − $3,307 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,217
Downpayment
20%
$73,540
Closing costs
1%
$3,677
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,141
Total Expenses
$3,307
Mortgage P&I
87%
$1,873
Property Taxes
4%
$91
Home Insurance
15%
$315
HOA
0%
$0
Property Management
15%
$321
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$535