This property looks like a bad Airbnb investment with a projected -1.79% first-year return on $90,492 initial cash invested.
-1.79%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$4,107
Rent
-$135
Cashflow
Cash Flow
$4,107 income − $4,242 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,492
Downpayment
20%
$69,040
Closing costs
1%
$3,452
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$4,242
Mortgage P&I
46%
$1,902
Property Taxes
6%
$247
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$616
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,027