This property looks like a bad Airbnb investment with a projected -11.22% first-year return on $93,390 initial cash invested.
-11.22%
Cash On Cash
3.48%
Cap Rate
0.57
DSCR
$2,379
Rent
-$873
Cashflow
Cash Flow
$2,379 income − $3,252 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,379
Total Expenses
$3,252
Mortgage P&I
76%
$1,819
Property Taxes
7%
$165
Home Insurance
5%
$126
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595