This property looks like a bad Airbnb investment with a projected -11.23% first-year return on $94,713 initial cash invested.
-11.23%
Cash On Cash
3.56%
Cap Rate
0.58
DSCR
$2,363
Rent
-$886
Cashflow
Cash Flow
$2,363 income − $3,249 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,713
Downpayment
20%
$73,060
Closing costs
1%
$3,653
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,363
Total Expenses
$3,249
Mortgage P&I
79%
$1,876
Property Taxes
5%
$108
Home Insurance
6%
$130
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$591