This property looks like a bad Airbnb investment with a projected -5.81% first-year return on $90,744 initial cash invested.
-5.81%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$3,682
Rent
-$439
Cashflow
Cash Flow
$3,682 income − $4,121 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,744
Downpayment
20%
$69,280
Closing costs
1%
$3,464
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,682
Total Expenses
$4,121
Mortgage P&I
52%
$1,897
Property Taxes
9%
$336
Home Insurance
3%
$122
HOA
0%
$0
Property Management
15%
$552
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$920