This property looks like a bad Airbnb investment with a projected -1.01% first-year return on $91,290 initial cash invested.
-1.01%
Cash On Cash
7.2%
Cap Rate
1.04
DSCR
$4,142
Rent
-$77
Cashflow
Cash Flow
$4,142 income − $4,219 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,142
Total Expenses
$4,219
Mortgage P&I
48%
$2,004
Property Taxes
2%
$100
Home Insurance
3%
$126
HOA
0%
$0
Property Management
15%
$621
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,036