This property looks like a bad Airbnb investment with a projected -12.66% first-year return on $91,752 initial cash invested.
-12.66%
Cash On Cash
3.36%
Cap Rate
0.53
DSCR
$2,317
Rent
-$968
Cashflow
Cash Flow
$2,317 income − $3,285 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,317
Total Expenses
$3,285
Mortgage P&I
80%
$1,859
Property Taxes
7%
$160
Home Insurance
5%
$126
HOA
1%
$27
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$579