This property looks like a bad Airbnb investment with a projected -12.57% first-year return on $91,143 initial cash invested.
-12.57%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,719
Rent
-$955
Cashflow
Cash Flow
$2,719 income − $3,674 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,719
Total Expenses
$3,674
Mortgage P&I
70%
$1,905
Property Taxes
12%
$339
Home Insurance
5%
$124
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680