This property looks like a bad Airbnb investment with a projected -10.09% first-year return on $90,870 initial cash invested.
-10.09%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$2,664
Rent
-$764
Cashflow
Cash Flow
$2,664 income − $3,428 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,664
Total Expenses
$3,428
Mortgage P&I
70%
$1,867
Property Taxes
6%
$147
Home Insurance
5%
$121
HOA
0%
$13
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666