This property looks like a bad Airbnb investment with a projected -12.89% first-year return on $91,668 initial cash invested.
-12.89%
Cash On Cash
3.16%
Cap Rate
0.51
DSCR
$2,085
Rent
-$985
Cashflow
Cash Flow
$2,085 income − $3,070 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,668
Downpayment
20%
$70,160
Closing costs
1%
$3,508
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,085
Total Expenses
$3,070
Mortgage P&I
88%
$1,827
Property Taxes
6%
$117
Home Insurance
6%
$126
HOA
0%
$0
Property Management
15%
$313
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$521