This property looks like a bad Airbnb investment with a projected -4.37% first-year return on $92,613 initial cash invested.
-4.37%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$4,127
Rent
-$337
Cashflow
Cash Flow
$4,127 income − $4,464 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,613
Downpayment
20%
$71,060
Closing costs
1%
$3,553
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,127
Total Expenses
$4,464
Mortgage P&I
47%
$1,935
Property Taxes
10%
$403
Home Insurance
3%
$128
HOA
0%
$17
Property Management
15%
$619
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,032