This property looks like a bad Airbnb investment with a projected -7.7% first-year return on $92,550 initial cash invested.
-7.7%
Cash On Cash
5.21%
Cap Rate
0.77
DSCR
$3,605
Rent
-$594
Cashflow
Cash Flow
$3,605 income − $4,199 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,605
Total Expenses
$4,199
Mortgage P&I
55%
$1,990
Property Taxes
10%
$353
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$541
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$901