This property looks like a bad Airbnb investment with a projected -12.86% first-year return on $91,290 initial cash invested.
-12.86%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,391
Rent
-$978
Cashflow
Cash Flow
$2,391 income − $3,369 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$3,369
Mortgage P&I
79%
$1,887
Property Taxes
9%
$211
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598