This property looks like a bad Airbnb investment with a projected -6.56% first-year return on $90,870 initial cash invested.
-6.56%
Cash On Cash
4.89%
Cap Rate
0.79
DSCR
$3,070
Rent
-$497
Cashflow
Cash Flow
$3,070 income − $3,567 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,567
Mortgage P&I
58%
$1,787
Property Taxes
6%
$185
Home Insurance
4%
$121
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768