This property looks like a bad Airbnb investment with a projected -10.98% first-year return on $91,500 initial cash invested.
-10.98%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,654
Rent
-$837
Cashflow
Cash Flow
$2,654 income − $3,491 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$3,491
Mortgage P&I
72%
$1,917
Property Taxes
7%
$178
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664