This property looks like a bad Airbnb investment with a projected -7.57% first-year return on $91,794 initial cash invested.
-7.57%
Cash On Cash
4.47%
Cap Rate
0.74
DSCR
$2,868
Rent
-$579
Cashflow
Cash Flow
$2,868 income − $3,447 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,794
Downpayment
20%
$70,280
Closing costs
1%
$3,514
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$3,447
Mortgage P&I
62%
$1,774
Property Taxes
6%
$170
Home Insurance
4%
$126
HOA
0%
$0
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$717