This property looks like a bad Airbnb investment with a projected -5.49% first-year return on $92,172 initial cash invested.
-5.49%
Cash On Cash
5.15%
Cap Rate
0.84
DSCR
$3,168
Rent
-$422
Cashflow
Cash Flow
$3,168 income − $3,590 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,172
Downpayment
20%
$70,640
Closing costs
1%
$3,532
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$3,590
Mortgage P&I
57%
$1,811
Property Taxes
4%
$132
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792