This property looks like a bad Airbnb investment with a projected -12.93% first-year return on $91,962 initial cash invested.
-12.93%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$2,391
Rent
-$991
Cashflow
Cash Flow
$2,391 income − $3,382 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,962
Downpayment
20%
$70,440
Closing costs
1%
$3,522
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$3,382
Mortgage P&I
76%
$1,815
Property Taxes
5%
$126
Home Insurance
6%
$136
HOA
7%
$156
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598