This property looks like a bad Airbnb investment with a projected -19.19% first-year return on $93,873 initial cash invested.
-19.19%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$1,716
Rent
-$1,501
Cashflow
Cash Flow
$1,716 income − $3,217 expenses = $1,501 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,873
Downpayment
20%
$72,260
Closing costs
1%
$3,613
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,716
Total Expenses
$3,217
Mortgage P&I
117%
$2,010
Property Taxes
5%
$84
Home Insurance
8%
$129
HOA
10%
$170
Property Management
15%
$257
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$429