This property looks like a bad Airbnb investment with a projected -7.46% first-year return on $92,550 initial cash invested.
-7.46%
Cash On Cash
4.61%
Cap Rate
0.74
DSCR
$2,689
Rent
-$575
Cashflow
Cash Flow
$2,689 income − $3,264 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,689
Total Expenses
$3,264
Mortgage P&I
68%
$1,830
Property Taxes
1%
$19
Home Insurance
5%
$124
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672