This property looks like a bad Airbnb investment with a projected -4.24% first-year return on $92,277 initial cash invested.
-4.24%
Cash On Cash
5.28%
Cap Rate
0.89
DSCR
$3,119
Rent
-$326
Cashflow
Cash Flow
$3,119 income − $3,445 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,119
Total Expenses
$3,445
Mortgage P&I
56%
$1,758
Property Taxes
2%
$63
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$780