This property looks like a bad Airbnb investment with a projected -9.82% first-year return on $91,500 initial cash invested.
-9.82%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$2,707
Rent
-$749
Cashflow
Cash Flow
$2,707 income − $3,456 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,707
Total Expenses
$3,456
Mortgage P&I
71%
$1,910
Property Taxes
5%
$125
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$677