This property looks like a bad Airbnb investment with a projected -8.6% first-year return on $91,101 initial cash invested.
-8.6%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$3,132
Rent
-$653
Cashflow
Cash Flow
$3,132 income − $3,785 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,132
Total Expenses
$3,785
Mortgage P&I
62%
$1,935
Property Taxes
7%
$217
Home Insurance
4%
$130
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$783