This property looks like a bad Airbnb investment with a projected -7.46% first-year return on $91,479 initial cash invested.
-7.46%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$3,160
Rent
-$569
Cashflow
Cash Flow
$3,160 income − $3,729 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,160
Total Expenses
$3,729
Mortgage P&I
56%
$1,785
Property Taxes
10%
$306
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$790