This property looks like a bad Airbnb investment with a projected -12.74% first-year return on $91,857 initial cash invested.
-12.74%
Cash On Cash
3.25%
Cap Rate
0.52
DSCR
$2,509
Rent
-$975
Cashflow
Cash Flow
$2,509 income − $3,484 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,857
Downpayment
20%
$70,340
Closing costs
1%
$3,517
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,509
Total Expenses
$3,484
Mortgage P&I
73%
$1,827
Property Taxes
13%
$327
Home Insurance
5%
$127
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$627