This property looks like a bad Airbnb investment with a projected -4.75% first-year return on $92,697 initial cash invested.
-4.75%
Cash On Cash
5.49%
Cap Rate
0.88
DSCR
$3,414
Rent
-$367
Cashflow
Cash Flow
$3,414 income − $3,781 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,697
Downpayment
20%
$71,140
Closing costs
1%
$3,557
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,414
Total Expenses
$3,781
Mortgage P&I
54%
$1,858
Property Taxes
5%
$155
Home Insurance
4%
$128
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854