This property looks like a bad Airbnb investment with a projected -8.46% first-year return on $91,479 initial cash invested.
-8.46%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$2,850
Rent
-$645
Cashflow
Cash Flow
$2,850 income − $3,495 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,850
Total Expenses
$3,495
Mortgage P&I
67%
$1,910
Property Taxes
3%
$95
Home Insurance
4%
$122
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712