This property looks like a bad Airbnb investment with a projected -4.97% first-year return on $91,080 initial cash invested.
-4.97%
Cash On Cash
5.29%
Cap Rate
0.87
DSCR
$3,577
Rent
-$377
Cashflow
Cash Flow
$3,577 income − $3,954 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,577
Total Expenses
$3,954
Mortgage P&I
49%
$1,769
Property Taxes
9%
$336
Home Insurance
3%
$124
HOA
0%
$8
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$894