This property looks like a bad Airbnb investment with a projected -10.07% first-year return on $91,500 initial cash invested.
-10.07%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$2,553
Rent
-$768
Cashflow
Cash Flow
$2,553 income − $3,321 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$3,321
Mortgage P&I
71%
$1,808
Property Taxes
7%
$166
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638