This property looks like a bad Airbnb investment with a projected -10.78% first-year return on $92,508 initial cash invested.
-10.78%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$2,603
Rent
-$831
Cashflow
Cash Flow
$2,603 income − $3,434 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,508
Downpayment
20%
$70,960
Closing costs
1%
$3,548
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,603
Total Expenses
$3,434
Mortgage P&I
73%
$1,898
Property Taxes
6%
$161
Home Insurance
5%
$126
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651