This property looks like a bad Airbnb investment with a projected -5.3% first-year return on $92,340 initial cash invested.
-5.3%
Cash On Cash
5.32%
Cap Rate
0.86
DSCR
$4,059
Rent
-$408
Cashflow
Cash Flow
$4,059 income − $4,467 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,059
Total Expenses
$4,467
Mortgage P&I
45%
$1,815
Property Taxes
14%
$580
Home Insurance
3%
$124
HOA
0%
$0
Property Management
15%
$609
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,015