This property looks like a bad Airbnb investment with a projected -15.57% first-year return on $95,490 initial cash invested.
-15.57%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$1,705
Rent
-$1,239
Cashflow
Cash Flow
$1,705 income − $2,944 expenses = $1,239 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,705
Total Expenses
$2,944
Mortgage P&I
112%
$1,911
Property Taxes
5%
$86
Home Insurance
8%
$129
HOA
0%
$0
Property Management
15%
$256
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$426