This property looks like a bad Airbnb investment with a projected -5.28% first-year return on $91,395 initial cash invested.
-5.28%
Cash On Cash
5.18%
Cap Rate
0.85
DSCR
$3,502
Rent
-$402
Cashflow
Cash Flow
$3,502 income − $3,904 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$3,904
Mortgage P&I
51%
$1,771
Property Taxes
9%
$326
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876