This property looks like a bad Airbnb investment with a projected -14.95% first-year return on $95,133 initial cash invested.
-14.95%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$2,651
Rent
-$1,185
Cashflow
Cash Flow
$2,651 income − $3,836 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,133
Downpayment
20%
$73,460
Closing costs
1%
$3,673
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,651
Total Expenses
$3,836
Mortgage P&I
74%
$1,950
Property Taxes
18%
$484
Home Insurance
5%
$129
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$663