This property looks like a bad Airbnb investment with a projected -9.19% first-year return on $91,941 initial cash invested.
-9.19%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$3,065
Rent
-$704
Cashflow
Cash Flow
$3,065 income − $3,769 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,941
Downpayment
20%
$70,420
Closing costs
1%
$3,521
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,065
Total Expenses
$3,769
Mortgage P&I
62%
$1,904
Property Taxes
7%
$201
Home Insurance
6%
$192
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766