This property looks like a bad Airbnb investment with a projected -12.07% first-year return on $92,193 initial cash invested.
-12.07%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$2,740
Rent
-$927
Cashflow
Cash Flow
$2,740 income − $3,667 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,193
Downpayment
20%
$70,660
Closing costs
1%
$3,533
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,740
Total Expenses
$3,667
Mortgage P&I
71%
$1,935
Property Taxes
11%
$288
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$685