This property looks like a bad Airbnb investment with a projected -11.72% first-year return on $92,256 initial cash invested.
-11.72%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$2,523
Rent
-$901
Cashflow
Cash Flow
$2,523 income − $3,424 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,256
Downpayment
20%
$70,720
Closing costs
1%
$3,536
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,523
Total Expenses
$3,424
Mortgage P&I
78%
$1,968
Property Taxes
5%
$117
Home Insurance
5%
$128
HOA
0%
$0
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$631