This property looks like a bad Airbnb investment with a projected -10.84% first-year return on $90,912 initial cash invested.
-10.84%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,342
Rent
-$821
Cashflow
Cash Flow
$2,342 income − $3,163 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,912
Downpayment
20%
$69,440
Closing costs
1%
$3,472
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,342
Total Expenses
$3,163
Mortgage P&I
77%
$1,796
Property Taxes
5%
$118
Home Insurance
5%
$124
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586