This property looks like a bad Airbnb investment with a projected -3.21% first-year return on $90,450 initial cash invested.
-3.21%
Cash On Cash
5.86%
Cap Rate
0.95
DSCR
$3,697
Rent
-$242
Cashflow
Cash Flow
$3,697 income − $3,939 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,697
Total Expenses
$3,939
Mortgage P&I
48%
$1,778
Property Taxes
7%
$265
Home Insurance
3%
$121
HOA
0%
$0
Property Management
15%
$555
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$924