This property looks like a bad Airbnb investment with a projected -11.32% first-year return on $91,143 initial cash invested.
-11.32%
Cash On Cash
3.48%
Cap Rate
0.57
DSCR
$2,236
Rent
-$860
Cashflow
Cash Flow
$2,236 income − $3,096 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,236
Total Expenses
$3,096
Mortgage P&I
80%
$1,782
Property Taxes
5%
$120
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$559