This property looks like a bad Airbnb investment with a projected -16.7% first-year return on $94,251 initial cash invested.
-16.7%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$1,556
Rent
-$1,312
Cashflow
Cash Flow
$1,556 income − $2,868 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,251
Downpayment
20%
$72,620
Closing costs
1%
$3,631
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,556
Total Expenses
$2,868
Mortgage P&I
121%
$1,880
Property Taxes
7%
$111
Home Insurance
8%
$131
HOA
0%
$0
Property Management
15%
$233
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$389