This property looks like a bad Airbnb investment with a projected -3.37% first-year return on $91,479 initial cash invested.
-3.37%
Cash On Cash
6.44%
Cap Rate
0.95
DSCR
$4,099
Rent
-$257
Cashflow
Cash Flow
$4,099 income − $4,356 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,099
Total Expenses
$4,356
Mortgage P&I
48%
$1,971
Property Taxes
7%
$295
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$615
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,025