This property looks like a bad Airbnb investment with a projected -9.53% first-year return on $90,576 initial cash invested.
-9.53%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$2,683
Rent
-$719
Cashflow
Cash Flow
$2,683 income − $3,402 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,576
Downpayment
20%
$69,120
Closing costs
1%
$3,456
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,683
Total Expenses
$3,402
Mortgage P&I
65%
$1,757
Property Taxes
9%
$234
Home Insurance
5%
$124
HOA
0%
$0
Property Management
15%
$402
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$671