This property looks like a bad Airbnb investment with a projected -20.57% first-year return on $93,873 initial cash invested.
-20.57%
Cash On Cash
1.71%
Cap Rate
0.25
DSCR
$2,083
Rent
-$1,609
Cashflow
Cash Flow
$2,083 income − $3,692 expenses = $1,609 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,873
Downpayment
20%
$72,260
Closing costs
1%
$3,613
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,083
Total Expenses
$3,692
Mortgage P&I
98%
$2,040
Property Taxes
25%
$525
Home Insurance
6%
$128
HOA
0%
$0
Property Management
15%
$312
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$521