This property looks like a bad Airbnb investment with a projected -6.85% first-year return on $91,311 initial cash invested.
-6.85%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$3,183
Rent
-$521
Cashflow
Cash Flow
$3,183 income − $3,704 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,311
Downpayment
20%
$69,820
Closing costs
1%
$3,491
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,183
Total Expenses
$3,704
Mortgage P&I
60%
$1,905
Property Taxes
5%
$148
Home Insurance
4%
$124
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796