This property looks like a bad Airbnb investment with a projected -8.04% first-year return on $91,290 initial cash invested.
-8.04%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$3,513
Rent
-$612
Cashflow
Cash Flow
$3,513 income − $4,125 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,513
Total Expenses
$4,125
Mortgage P&I
55%
$1,934
Property Taxes
11%
$382
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$527
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$878