This property looks like a bad Airbnb investment with a projected -11.39% first-year return on $91,458 initial cash invested.
-11.39%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,723
Rent
-$868
Cashflow
Cash Flow
$2,723 income − $3,591 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,723
Total Expenses
$3,591
Mortgage P&I
71%
$1,933
Property Taxes
8%
$225
Home Insurance
5%
$126
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$681