This property looks like a bad Airbnb investment with a projected -9.31% first-year return on $93,936 initial cash invested.
-9.31%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$3,764
Rent
-$729
Cashflow
Cash Flow
$3,764 income − $4,493 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,936
Downpayment
20%
$72,320
Closing costs
1%
$3,616
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,764
Total Expenses
$4,493
Mortgage P&I
51%
$1,930
Property Taxes
5%
$190
Home Insurance
4%
$145
HOA
11%
$420
Property Management
15%
$565
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$941