This property looks like a bad Airbnb investment with a projected -12.44% first-year return on $90,807 initial cash invested.
-12.44%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$3,078
Rent
-$941
Cashflow
Cash Flow
$3,078 income − $4,019 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,807
Downpayment
20%
$69,340
Closing costs
1%
$3,467
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$4,019
Mortgage P&I
62%
$1,904
Property Taxes
17%
$534
Home Insurance
3%
$103
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$770