This property looks like a bad Airbnb investment with a projected -5.9% first-year return on $90,870 initial cash invested.
-5.9%
Cash On Cash
5.11%
Cap Rate
0.83
DSCR
$3,494
Rent
-$447
Cashflow
Cash Flow
$3,494 income − $3,941 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$3,941
Mortgage P&I
51%
$1,785
Property Taxes
10%
$352
Home Insurance
3%
$116
HOA
0%
$10
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$874