This property looks like a bad Airbnb investment with a projected -0.74% first-year return on $92,550 initial cash invested.
-0.74%
Cash On Cash
6.62%
Cap Rate
1.07
DSCR
$4,554
Rent
-$57
Cashflow
Cash Flow
$4,554 income − $4,611 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,554
Total Expenses
$4,611
Mortgage P&I
40%
$1,834
Property Taxes
10%
$468
Home Insurance
3%
$124
HOA
0%
$0
Property Management
15%
$683
CapEx
4%
$182
Vacancy
0%
$0
Maintenance
4%
$182
Other
25%
$1,138