This property looks like a bad Airbnb investment with a projected -9.68% first-year return on $92,004 initial cash invested.
-9.68%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$3,122
Rent
-$742
Cashflow
Cash Flow
$3,122 income − $3,864 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,004
Downpayment
20%
$70,480
Closing costs
1%
$3,524
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$3,864
Mortgage P&I
62%
$1,944
Property Taxes
9%
$278
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$780