This property looks like a bad Airbnb investment with a projected -9.84% first-year return on $94,839 initial cash invested.
-9.84%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$3,596
Rent
-$778
Cashflow
Cash Flow
$3,596 income − $4,374 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,839
Downpayment
20%
$73,180
Closing costs
1%
$3,659
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,596
Total Expenses
$4,374
Mortgage P&I
54%
$1,943
Property Taxes
16%
$576
Home Insurance
4%
$129
HOA
0%
$0
Property Management
15%
$539
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$899