This property looks like a bad Airbnb investment with a projected -3.64% first-year return on $91,542 initial cash invested.
-3.64%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$4,214
Rent
-$278
Cashflow
Cash Flow
$4,214 income − $4,492 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,542
Downpayment
20%
$70,040
Closing costs
1%
$3,502
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$4,492
Mortgage P&I
45%
$1,904
Property Taxes
10%
$438
Home Insurance
3%
$126
HOA
0%
$0
Property Management
15%
$632
CapEx
4%
$169
Vacancy
0%
$0
Maintenance
4%
$169
Other
25%
$1,054