This property looks like a bad Airbnb investment with a projected -19.72% first-year return on $93,096 initial cash invested.
-19.72%
Cash On Cash
1.33%
Cap Rate
0.21
DSCR
$1,977
Rent
-$1,530
Cashflow
Cash Flow
$1,977 income − $3,507 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,977
Total Expenses
$3,507
Mortgage P&I
93%
$1,848
Property Taxes
29%
$580
Home Insurance
7%
$130
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494