This property looks like a bad Airbnb investment with a projected -12.47% first-year return on $92,487 initial cash invested.
-12.47%
Cash On Cash
3.11%
Cap Rate
0.52
DSCR
$2,577
Rent
-$961
Cashflow
Cash Flow
$2,577 income − $3,538 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,487
Downpayment
20%
$70,940
Closing costs
1%
$3,547
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,577
Total Expenses
$3,538
Mortgage P&I
69%
$1,777
Property Taxes
16%
$402
Home Insurance
5%
$122
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644