This property looks like a bad Airbnb investment with a projected -9.34% first-year return on $91,815 initial cash invested.
-9.34%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$3,303
Rent
-$715
Cashflow
Cash Flow
$3,303 income − $4,018 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,815
Downpayment
20%
$70,300
Closing costs
1%
$3,515
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,303
Total Expenses
$4,018
Mortgage P&I
58%
$1,918
Property Taxes
12%
$387
Home Insurance
4%
$128
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$826