This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $91,752 initial cash invested.
-12.73%
Cash On Cash
3.19%
Cap Rate
0.51
DSCR
$2,300
Rent
-$973
Cashflow
Cash Flow
$2,300 income − $3,273 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,300
Total Expenses
$3,273
Mortgage P&I
79%
$1,814
Property Taxes
10%
$233
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$575