This property looks like a bad Airbnb investment with a projected -8.71% first-year return on $91,332 initial cash invested.
-8.71%
Cash On Cash
4.88%
Cap Rate
0.73
DSCR
$3,670
Rent
-$663
Cashflow
Cash Flow
$3,670 income − $4,333 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,332
Downpayment
20%
$69,840
Closing costs
1%
$3,492
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,670
Total Expenses
$4,333
Mortgage P&I
53%
$1,936
Property Taxes
14%
$513
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$550
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$918