This property looks like a bad Airbnb investment with a projected -3.03% first-year return on $92,739 initial cash invested.
-3.03%
Cash On Cash
5.93%
Cap Rate
0.95
DSCR
$3,604
Rent
-$234
Cashflow
Cash Flow
$3,604 income − $3,838 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,739
Downpayment
20%
$71,180
Closing costs
1%
$3,559
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,604
Total Expenses
$3,838
Mortgage P&I
51%
$1,850
Property Taxes
3%
$90
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$541
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$901