This property looks like a bad Airbnb investment with a projected -13.32% first-year return on $92,991 initial cash invested.
-13.32%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$2,624
Rent
-$1,032
Cashflow
Cash Flow
$2,624 income − $3,656 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,624
Total Expenses
$3,656
Mortgage P&I
71%
$1,855
Property Taxes
15%
$406
Home Insurance
5%
$135
HOA
0%
$0
Property Management
15%
$394
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$656