This property looks like a bad Airbnb investment with a projected -4.16% first-year return on $91,500 initial cash invested.
-4.16%
Cash On Cash
5.73%
Cap Rate
0.9
DSCR
$3,456
Rent
-$317
Cashflow
Cash Flow
$3,456 income − $3,773 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,456
Total Expenses
$3,773
Mortgage P&I
54%
$1,849
Property Taxes
4%
$144
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864