This property looks like a bad Airbnb investment with a projected -7.48% first-year return on $90,681 initial cash invested.
-7.48%
Cash On Cash
4.53%
Cap Rate
0.74
DSCR
$2,776
Rent
-$565
Cashflow
Cash Flow
$2,776 income − $3,341 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,681
Downpayment
20%
$69,220
Closing costs
1%
$3,461
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,776
Total Expenses
$3,341
Mortgage P&I
63%
$1,761
Property Taxes
4%
$104
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$416
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$694