This property looks like a bad Airbnb investment with a projected -12.81% first-year return on $91,521 initial cash invested.
-12.81%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$3,151
Rent
-$977
Cashflow
Cash Flow
$3,151 income − $4,128 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,521
Downpayment
20%
$70,020
Closing costs
1%
$3,501
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,151
Total Expenses
$4,128
Mortgage P&I
60%
$1,886
Property Taxes
19%
$607
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788