This property looks like a bad Airbnb investment with a projected -8.52% first-year return on $90,597 initial cash invested.
-8.52%
Cash On Cash
4.41%
Cap Rate
0.71
DSCR
$2,970
Rent
-$643
Cashflow
Cash Flow
$2,970 income − $3,613 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,597
Downpayment
20%
$69,140
Closing costs
1%
$3,457
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,613
Mortgage P&I
60%
$1,795
Property Taxes
9%
$266
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$446
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$742