This property looks like a bad Airbnb investment with a projected -8.92% first-year return on $91,500 initial cash invested.
-8.92%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$3,552
Rent
-$680
Cashflow
Cash Flow
$3,552 income − $4,232 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,552
Total Expenses
$4,232
Mortgage P&I
54%
$1,917
Property Taxes
14%
$488
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888