This property looks like a bad Airbnb investment with a projected -8.57% first-year return on $91,479 initial cash invested.
-8.57%
Cash On Cash
4.38%
Cap Rate
0.7
DSCR
$2,822
Rent
-$653
Cashflow
Cash Flow
$2,822 income − $3,475 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$3,475
Mortgage P&I
64%
$1,817
Property Taxes
6%
$181
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706