This property looks like a bad Airbnb investment with a projected -11.76% first-year return on $91,290 initial cash invested.
-11.76%
Cash On Cash
3.67%
Cap Rate
0.59
DSCR
$3,918
Rent
-$895
Cashflow
Cash Flow
$3,918 income − $4,813 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,918
Total Expenses
$4,813
Mortgage P&I
46%
$1,804
Property Taxes
26%
$1,005
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$588
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$980